San Francisco frontrunner for $3 billion stem cell HQ

San Francisco emerged as the early front-runner to land California’s new $3 billion stem cell headquarters after its incentive-laden bid scored the highest marks among the four cities named to a short list of contenders.

The institute plans to build at least a 17,000-square-foot office with a maximum of 50 employees who will help dole out nearly $300 million in research grants annually. No actual stem cell research is planned at the headquarters.

I wonder how that will affect the real estate price in SF.

Way to go San Francisco! I love this city too much.

Source MSNBC