Corporation approves construction of Congress Avenue Building and a 10-year renovation plan.
After two years of incremental approvals, the Yale Corporation voted at its February meeting to construct a major new research and teaching facility on Congress Avenue as part of a plan to invest at least $500 million in medical school facilities over the next 10 years.
Excavation of the site—a full block bounded by Congress and Howard avenues and Cedar and Gilbert streets—began in early March following demolition of the eight-story brick building at 350 Congress Ave. and several adjacent structures. University officials have signed a $176 million contract for construction of the new Congress Avenue Building (CAB), with occupancy expected in March 2003. It is anticipated that the project will be supported in part by philanthropy.