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Chancellor Pradeep Khosla says the village will eventually enable the school to offer four-year housing guarantees to undergraduates. Rents would be at least 20 percent below market value.
The village would be more than three times bigger than any market-rate residential complex in San Diego County.
During Thursday’s meeting, regents also gave UCSD permission to construct a $350 million, 150,000-square-foot life science research building on the southern edge of main campus. Construction is expected to begin this fall.