Central Health OKs plan for Dell Medical School at Brackenridge site

Travis County and the Central Health Board of Managers have officially given the go-ahead to lease part of the former Brackenridge Campus to the 2033 LP. The local liability partnership will then sublease the 2.6-acre portion to the University of Texas for use by the Dell Medical School. The 99-year lease is expected to bring in $450 million for Central Health, and it is projected to generate up to $6.6 million in upfront payments over its first year. The decision comes after Central Health changed course on its plan to find a master developer for the entire 14-acre site. The Commissioners Court approved the lease at its meeting on Tuesday, and then the board held a special meeting that evening to hold its vote. The UT Board of Regents is expected to vote on its part of the arrangement this week.