February 2011
NEWS
The Southwest Portland Post • 7
OHSU plans for $160 million building in South Waterfront
By Lee Perlman
The Southwest Portland Post
The Oregon Health and Sciences
University is gearing up to build its first
building on its new South Waterfront
campus.
OHSU vice-president for develop-
ment Mark Williams told the South
Portland Neighborhood Association in
December that the school feels it has the
$160 million needed for the proposed
Life Sciences building in place.
The state of Oregon has contributed
$50 million, and has given the school
permission to borrow another $60 mil-
lion contingent on the sale of bonds,
Williams said.
An anonymous benefactor has do-
nated $40 million and TriMet is contrib-
uting $10 million. Part of TriMet’s share
will be used to build its new light rail
station on the adjacent bridge.
Asked if $160 million will be enough
for the project Williams said, “It will
have to be.” A silver lining to the cur-
rent recession is that construction costs
are down, he said.
The building will be 263,000 square
feet, compared to 400,000 for the exist-
ing Center for Health and Healing at
Southwest Gibbs Street. OHSU will
own the structure, Williams said, but
Portland State University, Oregon State
University and the Oregon Institute of
Technology will be tenants.
“We said, ‘If someone is willing to
contribute $20 million for incubator
space, come forward,’” Williams said.
“We didn’t really expect anyone to
respond, but someone came forward.
This will be the first structure to oc-
cupy the new 19-acre campus donated
by the Schnitzer family and, Williams
said, “If we were doing this on our
own we’d put this in the center of the
new campus instead of the southwest
corner.
But PSU need this to be next to the
light rail station so that they could
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