Chancellor Phyllis Wise of the University of Illinois at Urbana-Champaign announced a projected budget last week for a new engineering- and technology-focused medical school, according to the Chicago Tribune.
The proposed medical school would require $235 million in investments from donors and Carle, an Urbana, Ill.-based health system. The project would not need state funding, Ms. Wise said.
Carle would pledge $100 million over the first 10 years and an additional $1.5 million annually after that, according to the Tribune. The school's projected startup costs total $37.4 million through 2018. These costs will be offset by $44.8 million in projected revenue.
In a controversial move, the new college of medicine would be accredited independently from the university system's established medical school in Chicago. UIC officials countered with a proposal for a collaboration to enhance the current program instead of building the new school, according to the Tribune.
The full U of I board of trustees will vote next week on a resolution for the university president to evaluate the proposals and make a recommendation next year.
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