UNLV med school donors confident state will honor funding pledge
Donors leading the charge to construct the UNLV School of Medicine building believe the state will find $25 million for its portion of funding for the project in the city’s medical district.
Those monies were cut from the budget last month by Gov. Steve Sisolak ahead of a special session of the Nevada Legislature to balance a $1.2 billion budget deficit caused by the pandemic economic crisis.
The building is facilitated through the creation of Nevada Health and Bioscience Asset Corp., a nonprofit development agency established by donors with plans to build a structure costing $175 million to $200 million. It will then be leased to the university for $1 per year.