The University of Texas System Board of Regents will meet today in Austin to discuss its land deals with Texas Southmost College and possible leases in the area to accommodate the needs of UT-Brownsville for the following semester.
Documents show that the two schools will be mostly divided by Ringgold Road.
Included among the agreements on the regents’ agenda for its meeting today are building uses for both schools. UTB will allow TSC students to access the University Boulevard Library through August 2016. The library and the University Boulevard Classroom Building will be transferred to UTB. UTB students will be allowed to continue to use the Wellness Center in the Recreation, Education, and Kinesiology Center, a building that belongs to TSC.
In its current Fort Brown location, the UTB campus will be located southeast of Ringgold Road, while TSC will stay northwest of the road. Eventually, with future land acquisitions, the UTB campus would take up approximately 320 acres, documents show. The campus would be divided by U.S. Expressway 77/83.
TSC would receive the Science, Engineering, and Technology Building and a cash settlement totaling more than $28 million. Of that amount, approximately $12 million represents the value of the land received by UTB. Another $12 million is for the difference in value between the buildings that will be exchanged. More than $1 million will also be paid to TSC for the improvements it made to the soccer field. An approximate $1.65 million will be given to TSC for expenses of exchange transactions, to build parking facilities and to buy the former National Guard armory.
TSC will also lease laboratory space in UTB’s Life and Health Sciences Building.
In other business, UT System Chancellor Francisco G. Cigarroa will outline the guiding principles for the new university in the Rio Grande Valley created by the merger of UTB and the University of Texas-Pan American.