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Philadelphia Museum of Sports backers are seeking to raise $10 million to $12 million for the project.

The updates are part of the new 10-year franchise agreement the hotel owner recently signed with Hilton.

The work would increase the size of the 1.9 million-square-foot campus by about 75% to attract additional life sciences tenants.

With many college Olympic sport programs facing budget cuts and uncertain futures, the Nordstrom family is giving the University of Washington a "pioneering set of gifts."

The deal, which has not closed, would mark LBA's second acquisition in San Francisco at fire-sale pricing.