It was UA's," said Dr. William Crist, UA's vice president for health affairs.
"At the end, they (ASU officials) felt squeezed financially."
The announcement comes as UA
is preparing to break ground on the five-story Health Sciences Education Building near Seventh and Van Buren streets.
The new building will allow the medical school to gradually expand class size to 110 students annually, up from the current 48.
The building is being financed with bonds that will be paid off with Arizona Lottery revenue, but the universities are expected to pay 20 percent of the total costs.
Crist said UA hopes to cover those expenses through fund-raising; it already has a $15 million federal grant to put toward construction. [Note: To read the full article, visit ASU plans to end partnership role in downtown Phoenix med school.]
Posted in Downtown Vitality, Education, Finances, Health Care, Visioning and Planning
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Tags: Arizona Lottery, ASU
, Board of Regents, Health Sciences Education Building, Phoenix Biomedical Campus
, University of Arizona
, William Crist