- The Washington Times - Tuesday, April 22, 2008

SAN DIEGO (AP) — A new nonprofit institution plans to build a $115 million stem-cell-research facility in San Diego that would open by 2010.

Although funding still is being lined up, the San Diego Consortium for Regenerative Medicine proposes constructing a 23,740-square-foot building to house laboratories and support space.

The facility would be located on more than seven acres owned by the University of California at San Diego in the Torrey Pines area biotechnology cluster.

The university is one of four members of the consortium. The others are the Burnham Institute, Salk Institute and Scripps Research Institute.

The state is expected to provide a large portion of the facility’s funding. Californians in 2004 approved a measure creating a $3 billion stem-cell-research agency.

A panel for the state agency has determined that the San Diego consortium is eligible for $43 million. A condition to receive the state funds is that the building be completed by 2010.

Consortium officials estimate that they would need to raise at least an additional $72 million to complete the center’s funding.

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