Tennessee Universities Begin Major Construction Projects
What happened
The University of Tennessee broke ground on its new $350 million College of Medicine Interdisciplinary Building in Memphis. General contractor Flintco is leading the construction, alongside design firm HOK. This project is funded primarily by a $311 million appropriation from the state legislature. Separately, the University of Mary Washington is also undertaking construction projects with Skanska.
From constructiondive.com
Why it matters
The University of Tennessee's project represents the largest capital investment in Tennessee higher education history. The new facility is intended to help train future physicians in a state that currently has a physician count 13% below the national average per capita.
From constructiondive.com
Who's involved
- University of TennesseeInitiating the construction of the new College of Medicine building.
- FlintcoServing as the general contractor for the University of Tennessee project.
- HOKProviding design services for the University of Tennessee building.
- general assemblyApproving the $311 million appropriation for the University of Tennessee project.
- University of Mary WashingtonUndertaking construction projects for a new theater and fine arts building.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SkanskaSpeculative
Could see increased revenue from construction contracts, such as the one for University of Mary Washington.
- FlintcoSpeculative
May see increased revenue from the $350 million construction contract for the University of Tennessee.
- TennesseeSpeculative
Could see increased local spending and job creation related to the large-scale infrastructure investment.
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The entities involved
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University of Tennessee
public university in Knoxville, Tennessee, United States
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University of Tennessee system
public university system in the U.S. state of Tennessee
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