UC Regents Approve Fundraising Campaign for UCSF Medical Center at Mission Bay
The UC Board of Regents today approved a proposed fundraising campaign to raise at least $500 million toward the development of the first phase of UCSF Medical Center at Mission Bay.
UCSF is planning to build a 289-bed, integrated medical center to serve children, women and cancer patients on a 14.5-acre parcel, which is south of UCSF's existing 43-acre life sciences campus at Mission Bay. Upon completion of the first phase in 2014, the 865,000-plus-gross-square-foot hospital complex will include:
The first phase of the Mission Bay hospital project is estimated to cost about $1.3 billion. State support for these facilities is expected to be limited; therefore, any new hospital construction must be financed through a combination of medical center reserves, debt financing and private support.
The campus has received significant early indication of private support for the project and has begun the initial phase of a capital campaign to raise at least $500 million. The fundraising campaign is being conducted jointly by the University and UCSF Foundation, under the leadership of Senior Vice Chancellor Bruce Spaulding and Associate Vice Chancellor James Asp.
Diane "Dede" B. Wilsey, a civic leader and philanthropist, is the voluntary chair of the fundraising campaign. Wilsey is joined by the following volunteers on the campaign planning project:
- • A 183-bed children's hospital and pediatric primary and specialty ambulatory care facilities;
- • A 36-bed women's hospital and select women's ambulatory services;
- • A 70-bed cancer hospital; and
- • A central utility plant, underground tunnel, bridge, helipad and parking.
- • Barbara Bass Bakar, former president and CEO of Emporium/Weinstock's and former chair and CEO of I. Magnin, San Francisco;
- • Ronald Conway, founder and general partner of Angel Investors LP, a privately held venture capital firm;
- • William H. Davidow, founding partner of Mohr Davidow Ventures, a venture capital firm;
- • Robert Lesko, executive director of private wealth management at Morgan Stanley;
- • Carmen Policy, president and CEO of the National Football League's Cleveland Browns from 1998 to 2004 and former president and CEO of the San Francisco 49ers; and
- • Richard M. Rosenberg, retired chair and CEO of the Bank of America Corporation and Bank of America NT&SA.
- • Parnassus Heights: Focus on tertiary and quaternary care, including neurosurgery, cardiovascular and transplant services and adult emergency care;
- • Mission Bay: Construct a hospital complex for children's, women's and cancer services; and
- • Mount Zion: Expand its use as a hub for ambulatory services, outpatient surgery, and related clinical research and education.