UCLA and the Held/Jones partnership are conducting negotiations for the development of an ambulatory-care complex that would include a new office building for the university's clinical faculty, other medical facilities and a parking structure.
The agreement, when concluded, is expected to be the first of its kind on any University of California campus combining public and private funding of university improvements, according to Harold A. Held, partner in Held Properties. The other joint-venture participant is Jones Brothers Construction Co.
The approval of the university Board of Regents will be required for the project and its location, which is just northwest of the university gateway at Westwood Plaza and LeConte Avenue.
Participants hope to conclude negotiations and produce an environmental review of the project early in 1986 so that the project may be submitted to the Regents for approval in the spring, with construction starting in mid-1986 and completion by 1988.