BROWNSVILLE, EDINBURG - The University of Texas-Pan American in Edinburg signed to merge with the University of Texas at Brownsville in Cameron County. A major boon to come with the merger is a regional medical school that officials point to as transformational.
The University of Texas at Brownsville and UT-Pan American will create a new University of Texas institution.
An estimated 7,000 to 10,000 new jobs are expected to be created through this "South Texas Project." Average salaries will be $60,000 — much higher than what most in the Valley currently earn.
The Board of Regents unanimously approved a $44.8 million deal in Brownsville that allows the UT System to buy and exchange property with the University of Texas at Brownsville’s neighbor, Texas Southmost College (TSC).
UT regents asked no questions when it came to the eight parcels of land in the deal with TSC. Three different leases — a total of up to $3.6 million — were also approved for Brownsville property on Alton Gloor Boulevard, Price Road and downtown on Madison Street.
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