Approximately two years ago, UC ANR purchased a parcel of land adjacent and contiguous to the current Davis headquarters at 2801 Second Street. The purchase was intended to facilitate future development of the ANR Davis site.
Subsequent to the purchase, ANR worked with staff, faculty and division leadership throughout the following year to explore development potential for this parcel. With the help of MIG, a land planning firm, that study was completed in 2017 and Phase One was implemented: construction of the new parking lot with the research feature. The concept, as designed, also determined the amount of land area that will be required for additional work space/conference center for the ANR headquarters, leaving approximately 6 acres as surplus.
After consulting with the UC Davis campus and other stakeholders from the division, and on the advice of the President's Advisory Committee regarding leveraging some of our real estate holdings to address budgetary pressure, a decision was made to unlock the potential value of this surplus parcel. The proceeds from the eventual sale will be used to pay down current debt and/or invest in the new workspace/conference center at 2801, be placed in a safe investment fund to generate future income, or be used to address any other urgent needs that the division may encounter.
Associate Vice President, Business Operations
View or leave comments for ANR Leadership at http://ucanr.edu/sites/ANRUpdate/Comments.
This announcement is also posted and archived on the ANR Update pages.