The University of Texas at San Antonio was recently commissioned to conduct an economic impact study of the South Texas Medical Center. Among their findings were that the STMC annually supported 45,686 jobs in Bexar County; produces an economic impact of $5.4 billion; creates $70.1 million in city and county taxes/fees and $ 64.1 million in state revenues.
Since 1947 the San Antonio Medical Foundation (SAMF) has overseen the stewardship of the South Texas Medical Center (STMC). An abundance of projects have recently been initiated and/or completed in the STMC.
Regarding buildings, the 420 bed addition to the University Hospital has risen out of the ground like a “Phoenix”. The addition is scheduled for completion in early 2014. Another significant addition that will open in mid-2015 is the Center for Oral Health Care and Research at the University of Texas Health Science Center.
Several street and intersection improvements have also commenced or recently been completed. The intersection of Hamilton Wolfe and Ewing Halsell, where the Health Careers High School is located, has been completed along with the widening of Hamilton Wolfe to Floyd Curl Drive. The fourteenth intersection improvement at Hamilton Wolfe and Babcock has commenced, with work on this project to be completed in early 2015. Since the major parking lot for SAMF’s 2.2 mile walking/jogging trail is located near this intersection, users may find it more convenient to park at the Hamilton Wolfe/Ewing Halsell parking lot during this time period.
Another congestion relief project is the grade separation, which takes Medical Drive under Fredericksburg Road. Work on this project has commenced and will continue until mid-2015.