NEW YORK (GenomeWeb News) – Rutgers University plans to use a portion of money from a recent capital campaign to fund construction of a $55 million proteomics research center it has been planning to build since 2006.
The Center for Integrative Proteomics Technology facility will be located on the University's Busch Campus in Piscataway, NJ.
In order to finance the center and a number of building and renovation projects, Rutgers sold $233.1 million in general obligation bonds on Feb. 10, which it plans to repay through revenue from user fees and other university revenues.
As GenomeWeb Daily News' sister publication ProteoMonitor reported in 2006, the center will house three programs already ongoing at Rutgers, and other research groups. The new building, which is expected to be around 100,000 square feet spread over three stories, will bring together in one facility the Protein Data Bank, the Northeast Structural Genomics Consortium, and the BioMaPS Institute for Quantitative Biology.