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College Campuses Stimulate Construction Boom in Texas

Texas’ public universities are in the midst of a construction boom because of surging enrollments, increasing interest in university health facilities and revenue flowing to some as a result of damages caused by Hurricane Ike.

Large university construction projects have major impacts on local areas. Contractors benefit, jobs are created and revenue flows into the local economy. The university construction boom has been, and will continue to be, a very positive thing for Texas.

A significant portion of the growth over the next five to 10 years will be in the construction of university medical facilities. The University of Texas has numerous projects in the pipeline, including a full medical school, and Texas A&M University is committed to a medical school as well.

The University of Texas Health Science Center at San Antonio is expected to construct a $50 million to $60 million basic science building within the next three to four years to accommodate a larger class of medical students. The University of Texas Medical Branch at Galveston is just under way on projects to rehabilitate the campus after devastation caused by Hurricane Ike. Approximately $667 million in repair work was recently contracted out and that number is expected to exceed $1 billion over the next four to five years.

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