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Central Health OKs plan for Dell Medical School at Brackenridge site

Thursday, July 12, 2018 by Katy McElroy

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.

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