Study: UC Merced Expansion Project Will Pump $700 Million Into Local Economy | Newsroom (2024)

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Study: UC Merced Expansion Project Will Pump $700 Million Into Local Economy | Newsroom? ›

Study: UC Merced Expansion Project Will Pump $700 Million Into Local Economy. The Merced 2020 Project, which added 13 facilities to UC Merced's campus and nearly doubled its square footage, has so far contributed $510.9 million to the regional economy through...

The scale of the Merced 2020 Project, a $1.2 billion investment, is unprecedented. With 11 new university buildings constructed in just four years, it demonstrates how public-private partnerships (P3s) can make it possible for major infrastructure investments to be financed and delivered in record time.

UC Merced saw a double-digit rise in applications from first-year students as well as all residency categories including the Central Valley, out-of-state and international.

Study: UC Merced Expansion Project Will Pump $700 Million Into Local Economy. The Merced 2020 Project, which added 13 facilities to UC Merced's campus and nearly doubled its square footage, has so far contributed $510.9 million to the regional economy through construction costs alone.

From professorial research to graduate training to undergraduate education, UC Merced is quickly setting the standard of what is expected of a 21st century research university--while maintaining faith with the traditions of excellence that have made academia the reliable institution it is.

The newest UC

Compared with other schools in the UC system, UC Merced has significantly lower enrollment numbers. Multiple campus administrators told SFGATE they believe this is because the university is still “young” but said enrollment numbers are rapidly increasing every year.

University of California, Merced Rankings

University of California, Merced is ranked #60 out of 439 National Universities. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.

Tier 3: UC Davis, UC Santa Cruz, and UC Riverside. Although these campuses are considered less prestigious compared to Tier 1 and Tier 2 schools, they still provide robust educational offerings and opportunities. 4. Tier 4: UC Merced.

What is Forbes ranked at UC Merced? ›

Only hours ago, the US News & World Report released its 2024 Best Colleges rankings. From among 435 national universities, UC Merced rose a remarkable 37 spots, to No. 60 in the entire country — No. 28 among all public universities nationally — ahead of two of our sister UC campuses.

The board approved Muñoz's salary at $425,000. UC chancellors are among the lowest-paid university leaders when compared with their Association of American Universities (AAU) peers. Muñoz is married to Dr. Zenaida Aguirre-Muñoz.

USC Village was completed in August 2017 and cost a whopping $700 million.

Now, if you literally just clicked into this post to answer the question “how much does it cost to build a theme park or water park”, here you go: Mega theme parks; i.e. Disney and Universal: $2b to $4b USD. Regional and superregional theme parks: $200-$500m USD.

Artist impression of a new mixed-use development, The Square, is to be built at Century City at a cost of R1 billion. More than R4 billion is being invested in developments at Century City, just 12km from the city centre, which when finished will bring the capital value of projects in the precinct to R21bn.