I'm not getting the link either. When I go to Alan's blog, Downshore Drift, I don't see the post about Golden Gate.
Beautiful campus, and it would have been a great place to study, but the expense of living in the Bay Area was too much for me, even back in '87 when I started. I think they've probably crossed a threshold where the cost of operations on their current campus is a hindrance to attracting students and staff, and the value of the property is high enough to construct a larger, easier to maintain facility in a less expensive place to operate.
When I looked at going there, living off campus was not feasible. Rents for small apartments ran upwards of $3,500 a month. I think the students, and most of the staff, lived in campus-provided housing.