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.

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Presentation transcript:

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

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

Las Vegas Population In 2012 (July 1 Census Estimate) :  Las Vegas (Clark, NV) “Metropolitan Statistical Area” had 2 Million People Ranked 31 st in U.S.  Las Vegas NV, AZ (Clark, NV; Nye, NV; Mohave, AZ) “Combined Statistical Area” had 2.25 Million People Ranked 27 th in U.S. Metro Added 50,000 From

Source: Brookings Institution Metro Policy

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

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

UCF College of Medicine in Orlando Cost $68 million

VT School of Medicine in Roanoke Cost $59 million

UNLV Greenspun Hall Cost $94 million

Capital Costs 68 Million in Orlando Translates into 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

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