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UT System Board of Regents makes unprecedented $95 Million investment in Tyler institutions

 

On November 14, the University of Texas System Board of Regents Thursday voted unanimously to allocate $95 million in Permanent University Fund (PUF) proceeds to UT Health Science Center at Tyler and UT Tyler to fund construction of two new facilities to accelerate high-quality health education and health care in East Texas.

Regents earmarked $60 million for a Graduate Medical Education & Resident Teaching Facility at UT Health Science Center at Tyler and $35 million for an Advanced Nursing & Health Sciences Complex at UT Tyler.

“It’s the largest single appropriation from the Permanent University Fund awarded to Tyler at one time,” Board Chairman Kevin P. Eltife said.  “I am grateful to and proud of the entire Board of Regents for this critically important commitment to strengthening East Texas and by extension, all of Texas.”

The two projects were especially appealing to regents because of the significant impact they will have on Tyler’s ability to play a leadership role in healthcare education and workforce preparation in a community that historically has had a shortage of health care professionals and a high percentage of health disparities, compared to other regions in the state. 

“This is an important, much-needed investment in East Texas as it continues its evolution into a hub for health care access and delivery,” said Eltife, Tyler’s former mayor and state senator. “We are proud to build on many exciting developments already taking place in the region, including UT Health Science Center at Tyler’s successful partnership with Ardent Health Services and the East Texas Medical Center, and we’re only getting started.”

June Cheatham, Chair of the Tyler Area Chamber of Commerce,  said:  “As  one who works in the medical sector in Tyler, I am thrilled about the UT System  announcement. This investment will make Tyler even more of a medical destination and will expand critical teaching and patient services in our Region.”

Charles Hill, Chair of the Tyler Economic Development Council,  said : “This is a ‘game changer’ for Tyler and East Texas.  The medical and educational sectors are currently the largest drivers of our economy.  This commitment by the UT System will significantly expand both of those drivers, which will reap tremendous benefits for our economy and population.”

Both Cheatham and Hill expressed their appreciation to UT System Board Chair, Kevin Eltife, for his leadership and vision to help  bring this important investment to our area.

The funding for the facilities at UT Tyler and UT Health Science Center at Tyler will come from the Permanent University Fund, which is funded by oil and gas production on University Lands and supports capital projects at the institutions of the UT and Texas A&M systems, per the Texas Constitution.