By Stephanie Innes for Arizona Daily Star
The University of Arizona has a large and expanding health and science presence worth nearly $1B per year on prime property in downtown Phoenix.
The Phoenix Biomedical Campus land is owned by the City of Phoenix and all three state-funded Arizona universities have functions there. But it’s the UA that dominates the 30-acre property, having invested nearly $450M in campus building projects.
The anchor of the campus is the UA College of Medicine-Phoenix, which opened in 2007.
The UA is set to expand its Phoenix footprint later this summer with the opening of a gleaming new 230KSF, $100M University of Arizona Cancer Center at Dignity Health St. Joseph’s Hospital and Medical Center clinic.
The outpatient cancer clinic, projected to treat 60,000 patients per year, is the only UA medical facility that was not part of the deal when Phoenix-based Banner Health acquired the Tucson-based UA Health Network in March.
Banner is expected to have a future presence on the Phoenix Biomedical Campus in a partnership with the UA.
City of Phoenix and Banner
Last month, Phoenix Mayor Greg Stanton announced that the city and the UA had entered into an agreement to do further expansion with Banner Health on five undeveloped acres on the biomedical campus.
With its acquisition of the UA Health Network, nonprofit Banner Health became the state’s largest private employer.
A December 2014 report by consultants TrippUmbach found that the economic impact of the entire campus was $1.3B in 2013, with the UA’s presence accounting for $961M of that total. The report was commissioned by the UA College of Medicine-Phoenix and the City of Phoenix.
The UA College of Medicine-Phoenix directly employs 567 full- and part-time workers.
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