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Closing the Gap: The Case for an Allopathic Medical School in Southern Nevada

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.

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Closing the Gap: The Case for an Allopathic Medical School in Southern Nevada

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  1. 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

  2. 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

  3. 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

  4. Source: Brookings Institution Metro Policy

  5. 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

  6. 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

  7. UCF College of Medicine inOrlando Cost $68 million

  8. VT School of Medicine in Roanoke Cost $59 million

  9. UNLV Greenspun HallCost $94 million

  10. 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

  11. 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

  12. Thank You!

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