Difficulty (aka cost) of building new med schools

[bluebayou]

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Austin is the largest city in the country without a medical school or teaching hospital. UT-Austin has been trying for much of the past decade to get a medical school off the ground, but funding shortages have complicated its efforts. Administrators have said they won’t start developing the medical center until they have all the revenue sources secured. They’ve spent the past few years trying to secure funding, and they need about $35 million more annually before they break ground on the medical school.

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The UC system agrees with Olds that [UC] Riverside needs a medical school, but since 2008, state funding has been hard to come by. This lack of funding caused the Association of American Medical Colleges, the body that accredits medical schools, to reject the university’s first application. Following that, Olds secured commitments totaling about $100 million for 10 years…

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<p>Read more: [Med</a> schools are a target for universities seeking prestige and new revenues | Inside Higher Ed](<a href=“http://www.insidehighered.com/news/2012/09/20/med-schools-are-target-universities-seeking-prestige-and-new-revenues#ixzz271Iu0RIV]Med”>http://www.insidehighered.com/news/2012/09/20/med-schools-are-target-universities-seeking-prestige-and-new-revenues#ixzz271Iu0RIV)
Inside Higher Ed</p>