UT Medical School Would Cost $4.1 Billion Over 12 Years, Records Show

Wednesday, August 8, 2012

A proposed University of Texas medical school would start with a relatively modest annual budget of $23 million and grow in 12 years to a $510 million enterprise, according to cost estimates the American-Statesman obtained under the Texas Public Information Act.

The figures include debt financing of $233 million to build and equip a medical school campus with a classroom-administration building, a research facility and a unit for experiments involving mice and rats.

All told, the cost of the school for 12 years would be $4.1 billion.

Until now, key players in promoting a local medical school — including UT, the Seton Healthcare Family, Travis County's hospital district and the project's most outspoken champion, state Sen. Kirk Watson, D-Austin — have been mum about how much it might cost.

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