Albuquerque, NM (KKOB) –On Wednesday UNM Health Sciences Center Executive Vice President Mike Richards told the interim Legislative Finance Committee that work is progressing on the new medical school, which state lawmakers appropriated hundreds of million dollars toward in this year’s legislative session. The current phase of the process, which includes site demolition, excavation and grading, is estimated to cost about $150 million. To date, the Legislature and UNM have committed $636 million to the project. Richards’ reports that the project is creating more than $32 million in new state and local tax revenue, as well as 565 new jobs.
