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Phoenix Biomedical Campus gets the go-ahead

Following approval by the Joint Committee on Capital Review, the Arizona Board of Regents now can begin construction on a $187 million research and education building on the Phoenix Biomedical Campus, which will create 2,000 construction jobs. Construction could begin as early as April.
 The Arizona Board of Regents approved the Phoenix Biome..
 
 
Following approval by the Joint Committee on Capital Review, the Arizona Board of Regents now can begin construction on a $187 million research and education building on the Phoenix Biomedical Campus, which will create 2,000 construction jobs. Construction could begin as early as April.

The 268,000sf HealthSciences Education Building, part of the planned expansion of The Universityof Arizona College of Medicine - Phoenix in partnership with Arizona State University, is supported by future Arizona Lottery revenue through a financing plan that begins in 2016. The universities will issue bonds immediately and make interest-only payments on them for five years to get the project under way.

Dr. Stuart Flynn, dean of the medical school’s Phoenix campus, is ecstatic.

“If I could do a cartwheel, I would do one,” he said. “Now we know we’re over a huge hurdle and it’s just going to be very difficult to slow this momentum down at this point. It’s been a long journey and tomorrow we go to work on keeping the campus moving forward with a new building now in sight.”

Overall expansion plans for the Phoenix Biomedical Campus are expected to generate $2.1 billion in economic impact each year. The Arizona Board of Regents endorsed the expansion plan in December, allowing the medical school to expand its class size to at least 110 students per year from its existing 48 medical students in Phoenix. Students from the ASU College of Nursing and Health Innovation as well as those from other health-related programs from Northern Arizona University will also be in that building.

Source: Phoenix Business Journal
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