· Starting point
City Council approves amendment allowing AEDC funding of up to $69 million
The City Council approved an amendment to the 2016 agreement between the Texas Tech University System and the AEDC, providing up to $69 million toward the Texas Tech University School of Veterinary Medicine in Amarillo, a project of about $90 million. The AEDC said the school could create 95 direct jobs and more than 270 indirect jobs.[1][2][3]
Ginger NelsonBrian HeinrichRobert L. DuncanAmarillo Economic Development Corporation (AEDC)Texas Tech University System
What the sources say
- ✓ Verified
The City Council approved an amendment to the 2016 Texas Tech University System-AEDC agreement providing up to $69 million toward the Texas Tech University School of Veterinary Medicine in Amarillo. The AEDC release dated May 9, 2018 says the approval came 'yesterday' (May 8, 2018).[1][3]
- Commitment cap
- $69,000,000
- ✓ Verified
High Plains Public Radio reported that the council approved the plans unanimously and, citing the Amarillo Globe-News, that the AEDC pledged almost $70 million toward a $90 million project.[2]
- Project cost
- $90,000,000
- ✓ Verified
Amarillo Economic Development Corporation: The AEDC projected that the school could create 95 direct jobs and more than 270 indirect jobs, and that the TTUHSC Amarillo campus's annual economic impact could exceed $242 million once the school is established (projections).[1]
- Direct jobs
- 95
- Indirect jobs min
- 270
- Projected campus impact
- $242,000,000
- ✓ Verified
Mayor Ginger Nelson; AEDC board chairman Brian Heinrich: Mayor Ginger Nelson said 'The investment in a veterinary school in Amarillo has huge economic implications'; AEDC board chairman Brian Heinrich said 'The Veterinary School will provide our community and our region with decades of economic growth.'[1][3]