State approves land transfer for new All Children's Hospital research facility

8:59 PM, Jan 22, 2014   |    comments
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Kissimmee, Florida -- A new research facility will soon create 400 jobs in St. Petersburg thanks to a land transfer from the state to All Children's Hospital and the University of South Florida.

Governor Rick Scott and the Florida Cabinet approved the two-acre land transfer Wednesday which will enable the hospital to construct a 300,000-square-foot research, training and educational center to better care for pediatric patients.

The cost of construction will be between $65-$85 million and generate approximately 400 design and construction jobs. Once complete, the hospital says it plans to hire approximately 15 new research staff and six faculty positions with an average annual salary between $90,000 and $150,000. The facility is expected to house 40 research professionals including doctorate and post doctorate positions.

The new facility will be constructed on two vacant lots and used for a medical education and research center associated with the University of South Florida and the hospital. The facility will continue the public-private collaboration between the University of South Florida and the hospital to allow for joint research to combat childhood diseases and develop specific treatments with a focus on pediatric brain health, neuroscience, early brain development, memory and behavioral health.

Under the terms of the transfer, construction must commence within 10 years of the date of the deed between the university and hospital. 

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