UT sinks horns into first Houston land developmentUT sinks horns into first Houston land developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=118052016-01-21T06:00:00Z2016-01-21T21:00:00Z

​​HOUSTON - The University of Texas System closed on its first plot of land as part of its plan to expand on more than 300 acres in southwest Houston.

The 100.27-acre property is located north of Willowbend Dr. and west of Buffalo Speedway, south of NRG Park and the Texas Medical Center.

The decision to expand in Houston was first approved by the system's board of regents in November. It is part of Chancellor William McRaven's eight "quantum leaps" announced in November.

The entire space, which experts said could cost UT somewhere between $39 million to $65 million for the full 300 acres, will be designed to create an intellectual hub in Houston.

The remaining 200 acres are expected to be purchased into early 2017. In the meantime, McRaven has tasked a group of mostly Houstonians to begin the planning phases for the new campus, focusing on ways to increase research funding and educational opportunities in emerging fields.

According to a statement from the system, the task force will look to avoid duplicating programs and initiatives that other Houston schools and institutions are providing.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2016/01/university-of-texas-takes-first-major-step-in.htmlRead more at {Source}

 Search NewsTalk Texas