Government Market News StaffIt was announced this week that The University of Texas (UT) will partner with MD Anderson to bring a new MD Anderson medical facility to the UT campus. The massive new development will also include an expansion of the Dell Medical School. The project will include the construction of a large facility that features two new towers. One tower will contain The University of Texas at Austin Cancer Center and the other tower will be the home of a UT Austin hospital that has yet to be named.
An initial cost estimate tags the project at $2.5 billion. That total, however, does not include the $25 million expense associated with the demolition of the Frank Erwin Center. The demolition of that older facility will provide an appropriate location for the new medical facility. UT and MD Anderson hope to break ground on the towers in 2026, with a 2029 or 2030 opening date.
Austin’s MD Anderson hospital will include 156 beds and more than 230 outpatient exam rooms. It will also include other spaces for procedures, diagnostic imaging, radiation, and chemotherapy services. The UT Austin hospital will provide 250 additional beds in the other medical tower. The recently announced medical partnership is being heralded as perhaps the most important initiative of the decade for the Austin region.
