{ Major Projects }

PURCHASE OF PFIZER FACILITY PAVES THE WAY FOR
RESEARCH EXPANSION AND JOB CREATION


U-M completed its purchase of the former Pfizer pharmaceutical research center adjacent to North Campus on June 16, 2009. Acquisition of the 174-acre site, which is now considered part of North Campus, will save U-M both time and money over the long term compared with the cost of building new research facilities.

The 30-building facility, now known as the North Campus Research Complex (NCRC), will help launch new discoveries, create jobs, provide educational opportunities—and offers a wise investment for U-M’s future. The purchase could expand research capacity by 10 percent and generate up to 3,000 high-quality new jobs in the next decade.

No state taxpayer or tuition dollars were used to finance this $114 million acquisition, which includes assumed liabilities of approximately $6 million. Funds for the acquisition came primarily from Health System reserves. Renovation and operating costs will be borne by the Health System and other university units whose researchers and staff will occupy the complex.

“This purchase is an investment in the future of the University of Michigan and of our state,” said President Mary Sue Coleman. “These facilities will help attract more research funding to the area, allowing us not only to broaden our contributions as one of the nation’s premier research universities, but also to strengthen the region’s ability to stimulate new business.”


Major Projects
The NCRC will provide opportunities for collaborations with industry in areas such as pharmaceuticals, biotech, energy, nanotechnology, and many other types of research activity.

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