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UC San Diego Proposes $2B Campus Housing Village
US San Diego Chancellor Pradeep Khosla will ask University of California regents Wednesday for preliminary permission to create a $2-billion village on the eastern edge of the main campus to house up to 6,000 students, reported the San Diego Union-Tribune.
It’s among the largest and most expensive housing plans presented to the Board of Regents in at least 20 years, according to the Union-Tribune. Consisting mainly of high-rises, the proposed village also would be more than three times bigger than any market-rate residential complex in San Diego County.
Khosla said his proposal confronts a hard reality: although the university has tried to keep up, there will never be a big enough supply of affordable housing in the La Jolla and University City area to help UCSD meet demand. Enrollment has grown by about 13,000 over the past decade and is expected to rise by about 7,600 over the next 10 to 15 years, pushing UCSD above 50,000.
- ◦Development
