1. Kristina Raspe
Vice President
Real Estate Development & Asset Management
Best Practices for Building
a Community
on and off
Academic Campuses

2. University Statistics
o Two Campuses
– 249 Acres- University Park
Campus (UPC)
– 79 Acres- Health Sciences
Campus (HSC)
o Campus Populations
– 18,000 Undergraduate Students
– 22,000 Graduate Students
– 15,700 Faculty and Staff
– 343,000+ Living Alumni

3. Largest Private Employer in
City of Los Angeles
Economic Impacts
o $2.1 Billion Annual Direct
Spending
o $1 Billion Annual Payroll
o 88% Spent in Los Angeles County
o $503 Million Annual Spending by
Students
o $4.9 Billion Annual
Economic Impact

4. Building Description- 103,500 square
feet in 3 stories, 1 of which is below-
grade
o Purpose- Enhance athletic
facilities & academic services
o Schedule- January 2011 start
date, occupancy in August 2012
o Budget- $54 Million
John McKay Center

5. Building Description – 100,000
square feet in 5 stories, plus a
basement
o Purpose – Enhanced & expanded
student health services, as well as
an oral health clinic, a faculty/
staff clinic, and physical &
occupational therapy services
o Schedule – May 2011 start date,
Occupancy in January 2013
o Budget - $57 Million (completed
for $52 Million)
Engemann Student Health
Center

6. Building Description – 62,500 square
feet in 3 stories
o Purpose – Complete the creation
of the new Cinematic Arts School
facilities with the addition of
classrooms, computer labs, a
screening room and offices
o Schedule – September 2011 start
date, Occupancy in June 2013
o Budget - $50 Million
Cinematic Arts Phase III

7. Building Description – 84,000 square
feet in 3 stories
o Purpose – Enhanced & expanded
communication and journalism
teaching facilities
o Schedule – September 2012 start
date, Occupancy in December
2013
o Budget – $67 Million
USC Annenberg Academic
Building

8. Building Description – 110,000 square
feet in 5 stories + a lower level
o Purpose – Interdisciplinary dry-
lab research building intended to
be the home of several research
institutes & centers as well as top-
notch researchers from multiple
schools
o Schedule – May 2012 start date,
Occupancy in August 2014
o Budget – $65 Million
Verna and Peter
Dauterive Hall

9. Building Description – Estimated to be
90,000 square feet
o Purpose – Additional classroom
space for undergraduate
education, reducing class sizes
and increasing student learning
outcomes
o Schedule – 24 month schedule,
commencement upon fundraising
o Budget – $60 Million
Jill and Frank Fertitta Hall
Marshall Instructional
Building

10. Building Description – Estimated to be
235,000 square feet in 2 buildings
o Purpose – Creation of a stronger
clinical core at the Health
Sciences Campus with the
addition of a state of the art
cancer-focused clinical center
o Schedule – 27 month schedule,
commencement upon fundraising
o Budget – $130 Million
Norris Healthcare
Consultation Center

11. Building Description – Estimated to be
150,000 square feet
o Purpose – Interdisciplinary
building providing wet & dry lab
space to enable both Dornsife &
Viterbi to expand programs and
recruit transformational faculty
o Schedule – 24 month schedule,
commencement upon fundraising
o Budget – $120 Million
Dornsife/Viterbi Research
Building

12. The Village at USC

13. o Additional Student Housing
o Dining & retail options to
serve the surrounding
community
o Open space, campus &
community support services
o 35 acres total of University-
Owned Property
o Directly adjacent to campus
Needs
Opportunity

14. o Additional Student Housing
o Dining & retail options to serve
the surrounding community
o Open space, campus &
community support services
o Accommodate the physical
growth of the campus in support
of USC’s role & mission
o Create a safe, attractive,
sustainable residential campus &
neighboring urban community
o Budget – Phase I $500 Million
o Budget – All Phases $1.1 Billion
The Village at USC

15. Hoover
30th
Site Plan

16. View of Plaza

17. View of Graduate Towers

18. View of New Main Street

19. View of the Corner of Jefferson & Hoover Streets

20. Economic Impact Summary
o $1.1 Billion Project Budget results
in $1.59 Billion of economic
output impact in Los Angeles
regional economy
o $359 Million (2009 dollars)
annual impact from operation on
Los Angeles County economy
o 9,089 Total Jobs Created - 4,894
of which are construction jobs

21. o $130.8 Million in additional
revenue for the City’s General
Fund over the 20 year life of the
project
• $8.1 Million in annual net
tax revenues to the City of
LA General Fund
o $12.3 Million net tax increment
& housing set-aside funds for LA
over the 20 year life of the project
o $647,000 in annual net tax
increment & housing set aside
funds to LA
Economic Impact Summary

22. Questions?