UT regents approve $392.2M for capital projects
The University of Texas System Board of Regents approved $392.2 million to fund nine capital projects at UT academic and health institutions. The money will come from Permanent University Fund (PUF) bonds to be used, for the first time, for cross-institutional facilities funding in an effort to break down operational silos and leverage system resources.
The team of teams approach is part of Chancellor William H. McRaven’s Quantum Leaps initiatives to increase the system’s ability to provide the citizens of Texas the very best in higher education, research and health care. Regents also approved a nearly $60 million plan to advance Quantum Leap goals laid out by McRaven one year ago.
“One of the pillars of this critical Quantum Leap is to develop UT System-wide service lines, starting with cancer and building upon the expertise and stellar reputation of UT MD Anderson,” McRaven said. “Four separate collaborations are being developed between UT MD Anderson and sister UT entities, leveraging unique strengths at each institution.”
A cancer collaboration, funded with $45 million in PUF bonds, will be formed with UT MD Anderson Cancer Center, UT Health San Antonio, UT Health Northeast, UT Medical Branch in Galveston and UT Austin’s Dell Medical School. The PUF bonds will be used to target the most critical needs at each facility.
- UT Austin Energy Engineering Building — $100 million in PUF funding with a total project cost of $160 million;
- UT Dallas Math and Science Building — $89 million in PUF funding for a 175,000-square-foot building with a total projected cost of $101 million;
- UT Permian Basin Kinesiology Building — $14.2 million in PUF funding for a 43,000-square-foot building with a total projected cost of $16.2 million;
- UT Southwestern Medical Center O’Donnell Brain Institute/Simmons Cancer Center — $39 million in PUF funding with a total projected to cost of $245 million;
- UT Medical Branch Behavioral Health Treatment, Research, and Education Center — $15 million in PUF funding for a 33,000-square-foot facility with a total projected cost of $30 million;
- UTHealth Houston Research Building — $30 million in PUF funding to help build a 187,000-square-foot research facility with a total projected cost of $136 million;
- UT Health San Antonio Barshop Institute — $30 million in PUF funding to partially fund a new home for the Barshop Institute after the current site is sold for a total projected cost of $60 million; and
- UT Health Northeast School of Community and Rural Health — $30 million in PUF funds to fully fund a 67,000-square-foot building for the new School of Community and Rural Health.
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