A Cross Town Rivalry: UCLA and USC, Engines for Real Estate Development (Steve Olsen) - ULI Fall Meeting 102611
1. California Research Universities
Engines for Economic Growth and Innovation
Presentation to the Urban Land Institute
October 26, 2011
Steven A. Olsen
Vice Chancellor and CFO
2. California Research Universities
Engines for Economic Growth and Innovation
How Research Universities Promote
Economic Growth & Development
• Direct and Indirect Economic Impacts
• Construction and Real Estate Activities
• Creation of New Products, Companies,
Industries
• Community Engagement
Capital Programs
2
3. California Research Universities
Engines for Economic Growth and Innovation
California Research Universities & Institutes
Capital Programs
3
4. California Research Universities
Engines for Economic Growth and Innovation
University of California
2011 Economic Impact Study
• $46 billion in economic activity.
• $33 billion contribution to Gross State
Product.
• $8.5 billion in annual funding from
outside California.
• California’s third largest employer.
– behind only the state and federal
governments.
– Supports 430,000 jobs, directly &
indirectly.
Capital Programs
4
5. California Research Universities
Engines for Economic Growth and Innovation
UCLA Capital Programs
$2 Billion Under Management
Construction Planning & Design
– Northwest Campus – Engineering VI Complex
Student Housing – Center for Health Sciences
– Santa Monica-UCLA Seismic Safety Renovation
Medical Center – Luskin Academic
– Pauley Pavilion Conference Center
Renovation – Schoenberg Music Building
– Wasserman Eye Addition
Institute Building – Theater Film & Television
Complex
– Medical Education Building
Capital Programs
5
6. California Research Universities
Engines for Economic Growth and Innovation
Student Housing:
720 Hilgard, Weyburn Housing, Sproul Landing, DeNeve Upper & Lower
Capital Programs
6
7. California Research Universities
Engines for Economic Growth and Innovation
Medical Centers:
Ronald Reagan-UCLA & Santa Monica-UCLA
Capital Programs
7
8. California Research Universities
Engines for Economic Growth and Innovation
Bruin Athletics:
Pauley Pavilion & Rose Bowl
Capital Programs
8
9. California Research Universities
Engines for Economic Growth and Innovation
Research & Development:
Engineering VI, Wasserman Eye Center & CNSI
Capital Programs
9
10. California Research Universities
Engines for Economic Growth and Innovation
Visual & Performing Arts:
Royce Hall & Hammer Museum
Capital Programs
10
11. California Research Universities
Engines for Economic Growth and Innovation
New Products, Companies, Industries
Capital Programs
11
13. California Research Universities
Engines for Economic Growth and Innovation
Westwood Village Issues:
Westside Subway Extension & CityLab
Capital Programs
13
14. California Research Universities
Engines for Economic Growth and Innovation
Presentation to the Urban Land Institute
October 26, 2011
Steven A. Olsen
Vice Chancellor and CFO