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UC Berkeley Backs Off On Plans For Big New Campus in Richmond
August 31, 2016 • Source: www.bizjournals.com • Posted in: Market News
The University of California, Berkeley, and the Lawrence Berkeley National Laboratory are backing away from plans to develop a multi-billion dollar, 34-acre new global research campus in Richmond, officials confirmed Friday morning.
Nicholas Dirks, U.C. Berkeley's chancellor, met with members of a Richmond activist group Thursday evening, and said "significant budgetary challenges" at the university forced it to "indefinitely" suspend plans for the mammoth new campus, originally envisioned as evolving into a 5.4 million-square-foot complex over four decades.