University of Texas System regents Thursday approved a $334.5 million plan for the first phase of developing a medical school at the southern edge of the Austin campus.
The action, which was expected, came as the Board of Regents wound up a two-day meeting in Austin. The regents also authorized their staff to negotiate what is expected to be a long-term lease of 4.8 acres of the area in question to Central Health, Travis County’s health care district, for a new teaching hospital.
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