UC Berkeley Backs Off On Plans For Big New Campus in Richmond

August 31, 2016 • Source: • 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.