UT Regents Approve Land Deal for New University

Updated, 6:40 p.m.:

The University of Texas System's plans for a new university and medical school in the Rio Grande Valley moved another step forward Wednesday after the system's board of regents approved a nearly $50 million land deal for the new school's Brownsville campus.

At its meeting Wednesday, regents unanimously approved paying Texas Southmost College at least $44.8 million in money and property in exchange for at least 66 acres of land for the Brownsville campus. The board also approved guiding principles for the new institution, which will have a presence throughout the ...

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