City of Hope will invest $1 billion in a new hospital and research center on the site of a former air base in Irvine that will enhance the way cancer care is delivered in the region.
City of Hope plans to turn this building at FivePoint Gateway in Irvine into part of a new cancer treatment campus.
The cancer incidence rate in Orange County is projected to increase by 18% over the next decade, he said. Cancer risk increases with age, and the county’s population is aging faster than the U.S. average. Included on the property being acquired by City of Hope is a 190,000-square-foot building erected by technology company Broadcom Inc.
City of Hope will improve the unused four-story building to its specifications and expects to open it in 2021 as a center for cancer research and treatment. Its new hospital will be completed by 2025, Stone said, though the size of the hospital has yet to be determined. Funding for City of Hope’s Irvine project will come from philanthropic contributions and revenue raised through research discoveries it licenses, Stone said. “Donors in Orange County want to provide access close to home.”The former air base spent years as a political football after the federal government announced in 1993 that it would close El Toro. Business and community interests argued over how the land should be used.
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