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UCSF Over Halfway to $1.4-Bil Goal

SAN FRANCISCO-The University of California, San Francisco says it has raised $740 million towards its $1.4 billion goal that will fund significant new facilities such as UCSF Mission Bay, most of the land for which was donated by Catellus Development.

By Michelle Savage | Updated on November 01, 2001

SAN FRANCISCO-The University of California, San Francisco says it has commitments for $740 million in donations towards the $1.4 billion goal of a multi-year, comprehensive fundraising campaign that promises to accelerate progress in teaching, biomedical research, clinical care and community health.

The Campaign for UCSF will support initiatives such as the UCSF Mission Bay campus, the Parnassus Heights redevelopment, and the Mount Zion Clinical Research building.The Mission Bay Campus, located about a mile from San Francisco’s Financial District, is designed to maintain UCSF’s leadership in the next revolution in biomedical research.

Catellus is the donor of most of the land. It also owns most of the 303 acres in the area. Catellus plans to turn the area into a biotechnology arena and residential neighborhood. The developer plans to build 6,090 units of housing, 850,000 square feet of retail space and five million square feet of office space, mostly devoted to biotechnology.

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