USF's Downtown Med School Move Survives in State Budget
In a business plan filed with the state, USF said the project would unite researchers, patients at Tampa General Hospital, the existing USF Center for Advanced Medical Learning and Simulation and corporate space in Vinik's planned office, residential and entertainment district. The USF project is seen as an anchor for Vinik's larger $1 billion redevelopment in downtown Tampa. City Hall and Hillsborough County are expected to spend up to $30 million on street and infrastructure improvements. Vinik's development company plans to build a medical office building and parking garage on the site with a value estimated at $90 million. USF had said that being close to Tampa General would help the heart institute attract researchers who would bring in an estimated $28 million more per year in research grants, and a more robust research environment would draw biotech start-ups to downtown.
In an avalanche of spending deals ratified shortly before midnight, lawmakers agreed to give $17 million to USF to move the Morsani College of Medicine to a new downtown Tampa location and to contribute $12.3 million to USF St. Petersburg's College of Business.