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Closing the Gap: The Case for an Allopathic Medical School in Southern Nevada. Robert Lang, Ph.D. Professor and Director The Lincy Institute Brookings Mountain West University of Nevada, Las Vegas Greenspun College of Urban Affairs Las Vegas, NV—November 5, 2013. - PowerPoint PPT Presentation
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Closing the Gap: The Case for an Allopathic Medical School in Southern Nevada
Robert Lang, Ph.D.Professor and DirectorThe Lincy InstituteBrookings Mountain WestUniversity of Nevada, Las VegasGreenspun College of Urban AffairsLas Vegas, NV—November 5, 2013
Welcome to The Forum
What is The Lincy Institute? Thanks, Lincy Found./ Dream Fund
Why This Topic? Defined as an “Industry Constraint” in
the Brookings/SRI Nevada Economic Development Plan for GOED
LV is by FAR the Largest Metro Without an Allopathic Med School
Las Vegas Population
In 2012 (July 1 Census Estimate) : Las Vegas (Clark, NV) “Metropolitan
Statistical Area” had 2 Million People Ranked 31st in U.S.
Las Vegas NV, AZ (Clark, NV; Nye, NV; Mohave, AZ) “Combined Statistical Area” had 2.25 Million People Ranked 27th in U.S.
Metro Added 50,000 From 2010-2012
Source: Brookings Institution Metro Policy
Las Vegas Health Care Sector
Smallest in the U.S. in Top 100 Metros According to the Brookings Metro Monitor 2013 Just Seven Percent of Jobs in Region
Brookings/SRI State of Nevada Study 2011 Found that Las Vegas had a Health Services Location Coefficient of Just 0.642
New Allopathic Med Schools
Over a Dozen Built Since 2000 Often in Similar or Even Smaller
Markets Than Las Vegas Places Such as Orlando, FL. But also Roanoke, VA.
Capital Costs are Modest There are Lots of Finance Options
UCF College of Medicine inOrlando Cost $68 million
VT School of Medicine in Roanoke Cost $59 million
UNLV Greenspun HallCost $94 million
Capital Costs
68 Million in Orlando Translates into 75-80 Million in Las Vegas
Funding Sources (Non State): Federal New Market Tax Credits/CRA Nevada NMTCs Passed in 2013 SB 357 Local and County Bonds/Reuse Philanthropy
LV Knows Real Estate Deals
Bottom Line
If Roanoke Can Build a Medical School, So Can Las Vegas!
Today Tripp Umbach will Cover the Economic Impact of a Medical School in Las Vegas and the State
Brian McAnallen From The LV Metro Chamber Will Make a Few Remarks About the Chamber’s Interests