AUSTIN (KXAN) - Your tax dollars will help pay for a major medical endeavor in Austin: a medical school for the University of Texas.
The location of the teaching hospital will be next to the Frank Erwin Center and the existing University Medical Center Brackenridge, where officials unveiled the first renderings of the teaching hospital Tuesday.
Construction begins next year, with completion expected in 2017.
Not only will the hospital teach future doctors but it also gives the community a host of medical providers who will work in the community as training.
The teaching hospital and UT medical school are expected to bring 15,000 jobs, aside from those in construction.
In-Depth: Dell donates $50 million to school
The Michael and Susan Dell Foundation announced in late January that the organization is committing $50 million to help establish the Dell Medical School at the University of Texas at Austin.
In November 2012, Travis County voters approved Proposition 1, which raised property taxes as the main source of revenue to support health care services in the area.
In addition to the $50 million, the Dell family foundation is donating another $10 million to community health quality and access programs throughout the next 10 years.
The Dell foundation was established in 1999. Since then, the organization has helped fund the Dell Children's Medical Center of Central Texas, as well as numerous other health services across Central Texas.
The Dell Medical School is scheduled to enroll its first class of 50 students in 2016.
In-Depth: South Texas medical school
Two South Texas universities will merge into one, and a new medical school will be created in the Rio Grande Valley -- one of the fastest-growing and poorest areas of the country.
Gov. Rick Perry signed and approved Senate Bill 24, saying it is "a historic moment for the future students who will fill the classrooms, proudly call this university their alma mater, and create a brighter future for themselves and their families."
The new university is merging Texas-Pan American in Edinburg and Texas-Brownsville -- informally dubbed the University for the Americas in the Rio Grande Valley.
UT regents have already pledged $100 million to the project.
The university would be eligible to gain "emerging research university" status, which would allow it to compete for state money that is supposed to help schools attract research and private grants.
Perhaps most importantly, the new university will gain access to the state's Permanent University Fund, the endowment that manages billions of dollars to support higher education.
The new university is projected to enroll 28,000 students, employ 7,000 people and generate $11 million in research expenditures.
Sen. Eddie Lucio, a Democrat from Brownsville, said the university will foster new opportunities for commerce and scientific research around the nearby ports. Characterizing the project as a form of reparations, he heralded a "once in a lifetime" opportunity to build on the region's cultural heritage.
Supporters say the new university, and most notably the medical school, are critically needed to serve the education and health care needs in the region along the Texas-Mexico border.
Sen. Juan Hinojosa, D-McAllen, said the plan could transform the impoverished region, where doctors are in short supply.
Residents have lobbied for years to get a medical school in the region, and plans were already in place to use UT System health facilities in Cameron and Hidalgo counties. University officials and local politicians who pushed the issue believe it will result in more doctors practicing on the border and have a positive impact on overall health in one of the most impoverished and medically underserved parts of the country.
More than 1.2 million people live in Cameron and Hidalgo counties, and about 1 in 3 live below the poverty line. It's a fast-growing young population, about one-third of which is below the age of 18.
In addition to allowing local students interested in medicine to study close to home, supporters say a medical school situated on the border could eventually draw students from Central and South America.
University of Texas System Chancellor Francisco Cigarroa said the new campus would be one of the largest Hispanic-serving institutions of higher education in the country.
Embattled Travis County District Attorney Rosemary Lehmberg is court Monday for a civil trial that could end her career as the county's top prosecutor..
American Airlines has emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner after the two completed their deal Monday to create the world's biggest airline.
Even though there were no reports of iced over bridges or roadways like last week, officials are urging people to use extra caution while driving.
A 55-year-old man died in a single-vehicle crash just after midnight Monday morning near Lakeway.
More than 100 trees covered in lights now shine bright throughout Zilker Park. The Trail of Lights is open for another season.
Texas will face one of the nations top offenses in their second straight trip to the Alamo Bowl