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Archive for Wednesday, July 9, 2008

City agrees to support KU life sciences project

July 9, 2008

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Commissioners on Tuesday night unanimously agreed to move ahead on a partnership to build a new life sciences incubator building on Kansas University's West Campus.

Commissioners gave their support to a plan to provide $75,000 a year for the next 10 years to the estimated $8 million project. Douglas County is being asked to give an equal amount, while KU is being asked to commit $2 million worth of funding and land for the project.

The Lawrence-Douglas County Biosciences Authority would provide $500,000. The partners then would seek the remaining $4 million from the Kansas Bioscience Authority.

Commissioners had given preliminary support to the idea at a study session in June. The project would build a 20,000-square-foot building that would provide office and lab space for promising start-up companies that spin out of research efforts at KU.

The building also could be used to attract young life sciences companies from outside the region.

The Lawrence Regional Technology Center, a nonprofit group that provides business development services to technology companies, would run the day-to-day operations of the building. The building could open by 2010 if the remaining funding is approved.

Comments

SettingTheRecordStraight 6 years, 5 months ago

Sadly, this is the same tax-and-spend commission of two and four years ago.

repaste 6 years, 5 months ago

Is it true this part 2 of the "Delphia" deal the city nixed earlier because of stock deals given county and city commish? How much the county commish make off this deal? $750,000? is a lot of cash.

igby 6 years, 5 months ago

our not are, correction above! Opp's.

igby 6 years, 5 months ago

...and the city can't even patch the pot-holes but their throwing are cash around to KU who should be the force behind business development; not the city or county. Just look at the East hills business parks Spec build laying vacant since 2002. Whats the deal on this building anyway, "pig in the poke" from DGDI and company? It's worth about half of what it cost to build it.

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