San Francisco’s Golden Gate University is making another attempt to sell off part of its campus as a strategy to cover its frayed financial health.
The San Francisco Business Times reports the school listed its primary campus building three years ago for an undisclosed price, but the property never attracted a buyer. Instead, it is planning to an unidentified portion of the building along with a stake in the three-quarters of an acre where it is located.
The land is one of six sites that was rezoned for buildings taller than 600 feet in the city’s 2012 Transit Center plan. It is the only undeveloped parcel that has yet be used for the building of multifamily housing.
The school operates a 210,000-square-foot campus in the heart of San Francisco’s Financial District. For fiscal year 2023, it reported a $12 million loss.
