In the past decade, Boston University has significantly contributed to the revitalization of Boston and to the area's economy with the construction of several major academic, research, and housing complexes.

In FY 2004, the University spent nearly $154 million on projects contracted to Massachusetts companies.

The new Student Village Apartments, on the site of the former Commonwealth Armory, house 817 students and represent the largest housing facility built at the University in three decades.

BioSquare is a $700 million biomedical research and business park being developed by Boston University and the Boston University Medical Center to foster innovation in science and business and encourage economic development in the Boston area. Located on sixteen acres in the city's South End, BioSquare links the academic, medical, and research facilities of the Boston University Medical Center with private industry to provide state-of-the-art research and office facilities.

The Evans Biomedical Research Center at 650 Albany Street, a 160,000-square-foot biomedical research facility that opened in January 2000, joins the 180,000-square-foot Center for Advanced Biomedical Research that opened in 1994. The Evans Center at BioSquare created 250 construction jobs and 360 new positions, as well as a $660,000 jobs-and-housing linkage arrangement with the City of Boston. The 1,000-space enclosed garage that opened in Fall 2000, is being used to accommodate patients, visitors, tenants, and employees of the BioSquare and Boston University Medical Center complex.

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