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UT Okays $2.9B MD Anderson Expansion
The governing agency that runs the The University of Texas agreed on a spending measure that would allow the MD Anderson Cancer Center to move forward on a $2.9 billion expansion plan.
The school will bring in university revenue, financing bonds to supplement the hospital revenues that are also funding the project at the Texas Medical Center (photo) in Houston. In total, MD Anderson will commit around $1.6 billion from its hospital revenues for the project, while around $1.2 billion will come from the UT revenue bonds.
The funding will be used to build a new, standalone building to house the Therapeutic Radiation Center and a 25-floor patient care building. The 1.8 million square foot Therapeutic Radiation Center will include services focused on imaging and therapy, including infusion and cell therapies, diagnostic imaging, pathology and laboratory medicine, pharmacy, outpatient surgery, extended-stay beds, endoscopy, outpatient clinics and ancillary services.
The last phase of the project is set for final completion in October 2032.
- ◦Development
