U.C.S.C. LAND PURCHASE VS

THE UNIVERSITY OF CALIFORNIA, SANTA CRUZ ANNOUNCED THE CLOSURE OF ESCROW, TO PURCHASE THE LAND AND FACILITIES FORMERLY OCCUPIED BY TEXAS INSTRUMENTS. THE PAPERWORK WAS FINALIZED ON SEPTEMBER 24TH . THE SITE IS LOCATED AT 2300 DELAWARE AVENUE IN SANTA CRUZ, NEAR THE ARRAY OF RESEARCH OPERATIONS AT LONG MARINE LABORATORY. THE FACILITIES MAY SERVE TO CONSOLIDATE CURRENT OFF-CAMPUS LEASES USED FOR ADMINISTRATIVE FUNCTIONS, AND TO HOUSE RESEARCH AND TEACHING ACTIVITIES. PLANS FOR USE OF THE PROPERTY ARE STILL BEING FINALIZED. THE PURCHASE PRICE OF THE PROPERTY AND ITS CONTENTS IS 5 MILLION DOLLARS, WHICH ACCORDING TO SCHOOL OFFICIALS, IS A BARGAIN.