With today’s announcement, Lokey more than doubles his commitment. School officials say he is the lead contributor for a $200 million stem cell research building that will break ground Oct. 27 and be finished in the summer of 2010. In a statement released by the medical school, Lokey said stem cells would be “as significant as the silicon chip that created Silicon Valley,” producing treatments for disease and saving lives.

He said he was driven to fund research after President Bush, in August 2001, forbid the use of federal funds for stem cell research that involved the destruction of human embryos. “It’s very narrow-minded,” Lokey said of the position. “This is about lives being saved.”
…
Some 350 scientists will work in the 200,000-square-foot Lorry I. Lokey Stem Cell Research Building, the school said. The center is also getting a $43.6 million grant from the California Institute for Regenerative Medicine. The institute, the state’s $3 billion stem cell funding unit, was created by a 2004 state initiative from research advocates opposed to Bush’s restrictions.