Aug
21

USC Development Foundation Could Perk Up Innovista

By

– The State

The USC Development Foundation might be willing to use its private endowment — land and money — to build the university’s struggling Innovista research campus, but can’t consider it until all financial issues are resolved with the former developer, foundation officials said.

And any new developers would have to have spotless track records and demonstrate they could deliver buildings and tenants before the foundation would team up with them, officials said.

“We want to help,” said Russ Meekins, chief financial officer for the foundation. “But we don’t want to help by committing suicide. We want to go into this with our eyes wide open.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.thestate.com/local/story/910304.html

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