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 Valley.
Regent Ernest Aliseda and Student Regent Nash Horne, the board’s newest members, also made their debut at the meeting. New Regent Jeffrey Hildebrand, a businessman from Houston, was unable to attend the meeting because of scheduling conflicts.
Aliseda, who grew up in South Texas, said the Valley's residents would benefit greatly from the university. He added that such a university would have inspired him to stay at home for his education instead of going to Texas A&M University for his undergraduate degree and then the University of Houston for his law degree.