Federal Stimulus Funds CU Labs

Boulder’s University of Colorado received a $15 Million grant last month.

Up until that money came through, the University of Colorado was building the school’s new biotechnology research facility without knowing where the money was coming from.

C.U.’s “Jennie Smoly Caruthers Biotechnology Building broke ground last fall, and it wasn’t until April this year that CU officials were certain how they might construct the planned state-of-the-art lab spaces inside much of the new Biotech building.

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The money for the grant CU received is part of the federal government’s economic stimulus package.

The primary beneficiaries of the grant will be fifteen research teams in the University’s biochemistry division. This group accounts for more that 100 scientists and staff members.

The total project is expected to cost $170 million. The first phase has an anticipated completion date of sometime in 2011, possibly late in 2011, and consists of a 266,000 square foot building. The building will have three separate wings, and a 70,000 + square foot addition is planned for the future.

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Zachary Epps, GRI, ABR, REALTOR®, full-time RE/MAX professional, and author of the Boulder Real Estate and Neighborhood Guide.

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