JACKSON — Lawmakers are moving toward borrowing money to allow the University of Mississippi to construct a new medical school building.
The House Appropriations Committee voted unanimously for House Bill 610, which would issue $31 million in bonds for a new five-story building on the University of Mississippi Medical Center campus in Jackson.
Officials said the project’s price tag has risen to $76 million from the $63 million previously estimated. Lawmakers and Gov. Phil Bryant’s administration have already provided $14 million for the project.
Committee chairman Jeff Smith, a Columbus Republican, says House lawmakers intend to provide another $31 million next year.
Dr. Louann Woodward, UMMC’s associate vice chancellor, says the money is enough to begin constructing the building. She says site work is likely to begin in late spring.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info