Seton breaks ground on $295M hospital at UT AustinSeton breaks ground on $295M hospital at UT Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=32502014-08-27T11:30:00Z2014-08-27T07:07:00Z

AUSTIN - Construction has begun on Seton Medical Center at the University of Texas — a $295 million teaching hospital that is a component of the University of Texas’ new Dell Medical School.

The new hospital being built at 601 E. 15th St. is across from University Medical Center Brackenridge — which it will replace.

Slated for completion in 2017, the hospital will be owned and operated by Seton. Seton will invest $245 million for construction and has set up The Seton Fund to raise the remaining $50 million via philanthropy.

The facility will be built on land owned by the University of Texas at Austin and leased to Central Health, Travis County's health care district, which will sublease the land to Seton at fair market value.

According to previous press releases by Seton, the combination of a new teaching hospital and medical school on the campus of a major research university is expected to create 15,000 new jobs, not including construction jobs. About 60 percent of those jobs will require two years of college or a training certificate.

The medical school, which is under construction, is scheduled for completion in 2016. Both buildings will be located on the new medical campus around the corner of 15th St. and Red River St.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2014/08/21/seton-receives-1-5m-from-ufcu-for-new-teaching.htmlRead more at {Source}

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