Evansville's mayor says Indiana University's decision to put a medical school and research campus in the city is already paying off. Lloyd Winnecke says since the April announcement, “there's not been a week that's gone by” without someone approaching his administration about investing downtown. He says current businesses will also benefit from up to 2,000 more people being downtown on a daily basis. Construction on the $70 million project could begin next year. Winnecke discussed the campus and economic momentum in the city during an interview to air this weekend on Inside INdiana Business Television.
Although construction has not yet begun, the scope of the project has grown. The campus was initially set to be 170,000 square feet, but is now planned to be more than 220,000 square feet. The downtown site is near the Ford Center arena and across the street from a planned convention hotel.
City officials believe the project could have an annual economic impact of $340 million by 2020.
The campus will be a collaboration among Indiana University School of Medicine, Ivy Tech Community College, University of Southern Indiana and University of Evansville.
Sources: Office of Evansville Mayor Lloyd Winnecke, Inside INdiana Business