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Tue March 21, 2023 - West Edition #7
The Texas A&M University System Board of Regents on Thursday almost doubled the construction budget — from $85 million to $150 million — for Phase One of the Texas A&M-Fort Worth urban research campus.
Responding to greater-than-expected demand for space in the Law & Education Building, the Regents authorized approximately 225,000 gross sq. ft. — an estimated nine floors to house programs in law, engineering, business and health sciences, among others.
"There is so much opportunity for the Texas A&M System to serve Fort Worth, Tarrant County and all of North Texas, we had to go bigger and taller in the first building," said Chancellor John Sharp.
The Law & Education Building is to be the first of a three-building complex built on four city blocks in southeast downtown as a joint effort with the city of Fort Worth and Tarrant County to spur business growth and economic development.
The other two buildings will be a public-private sector project built with city-issued bonds secured by lease payments from the Texas A&M System and private sector companies who want to co-locate with university and agency researchers.
The vision is to create a hub of collaboration between key Fort Worth industries and top research, education and workforce training assets of the Texas A&M System.
Texas A&M University's School of Law, which has doubled its enrollment since 2019 to approximately 1,200 students, will occupy about half of the Law & Education Building. The construction will be financed with the Permanent University Fund and other System monies.
As part of the vote, the Regents authorized $15 million of the $150 million construction budget for design and pre-construction services. As early as May, the Board could be asked to give the final authorization for a groundbreaking.
In other action, the Board approved: