Jerrod KingeryA proposal from Vanderbilt University to build a nearly $520 million graduate school campus for business and computing in West Palm Beach, Fla. has been approved by county officials.
The Palm Beach County Commission unanimously approved the plans for the 300,000 square foot campus during their meeting on Oct. 22.
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Palm Beach County is also gifting about five acres of land in downtown West Palm beach, valued at $46 million, to Vanderbilt for the campus. The City of West Palm Beach is also giving the university about two acres of land for the project.
Plans call for the West Palm Beach campus to feature the main academic building, student housing and a parking garage. The total cost for construction is estimated at $519.6 million.
Vanderbilt says the campus, expected to welcome its first students in 2026, will be home to 1,000 students and offer programs in business, artificial intelligence (AI) and data science and will feature an innovation hub.
The university anticipates that the new campus will have a $7 billion impact on the Palm Beach County economy over the next 25 years, creating 35,000 new jobs during that period.
Photo courtesy BugsMeanee
