Posted: Jul 18, 2012 6:24 AM by Associated Press
SAN FRANCISCO (AP) - A University of California regents committee has approved a $162 million conference center and 250-room hotel on campus at UCLA.
The buildings committee unanimously endorsed the UCLA plan on Tuesday despite opposition from some Westwood-area residents and hotel operators.
The Los Angeles Times says UC regents are expected to approve the plan on Wednesday.
UCLA chancellor Gene Block says the conference center and hotel will allow visitors to experience campus life.
Revenues from room rentals and dining are expected to support payments on the $112 million in bond financing approved by the building committee on Tuesday.
A $50 million gift from UCLA alumnus Meyer and Renee Luskin will also be used.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties