UC Merced 2020 campus P3 project

Overview:

• The University of California, Merced has started a $1.3 billion campus expansion.
• The expansion will add 1.2 million square feet of facilities.
• The second phase of the expansion is scheduled for Fall 2018, while the third and final phase is slated for Fall 2020.
• The University of California Board of Regents entered the development deal with private consortium Plenary Properties Merced.
• This is the first ever US college campus expansion to use a P3 model.
• A group of nine investors provided the initial private placement financing.

Kurt Stumpo - Journalist