Supporting UB’s Historic Move Downtown

Our role in securing land for the new medical school enabled UB–and taxpayers–to save millions of dollars in construction-related costs.

UB’s decision to relocate the Jacobs School of Medicine and Biomedical Sciences to downtown Buffalo in 2017 will transform health care in Buffalo Niagara—and far beyond. Faculty and students will have access to state-of-the-art teaching resources. Leading hospitals and research facilities will be just steps away. Our region will become a major health care destination, attracting patients from all over the Northeast.

The new Jacobs School of Medicine and Biomedical Sciences —located on UB’s Downtown Campus (part of the growing Buffalo Niagara Medical Campus)—will allow UB to increase its class size by nearly 30 percent, add 100 new faculty positions, and continue to attract world-renowned scientists, physician-scientists, clinicians and top medical students. The UB Foundation is proud to have played a supporting role in helping UB achieve this vision.

“Placing top clinical and scientific talent in a metropolitan academic medical center will attract the very best physicians and researchers which will, in turn, result in the best medical care possible for Western New Yorkers,” says Michael E. Cain, MD, vice president for health sciences and dean, Jacobs School of Medicine and Biomedical Sciences. In an interview with Time Warner Cable, Cain described the new facility as “628,000 square feet of very innovative education and research space, all of this allowing us to practice better health care and health care delivery and make Buffalo more and more of a destination for education, new knowledge and advanced patient care.”

“This strategic move would not have been possible without the help of the UB Foundation.”

Michael E. Cain, MD, Vice President for Health Sciences and Dean, Jacobs School of Medicine and Biomedical Sciences

Saving UB–and taxpayers–$700,000 per month

UB officials estimate that construction on the new Jacobs School of Medicine and Biomedical Sciences began a full year earlier than anticipated thanks to strategic land securement and flexible financing through FNUB, Inc., one of our affiliates. On a project of this scale starting construction a year early saved UB (and, by extension, New York State taxpayers) an estimated $700,000 per month in construction inflation costs.

Growing the local economy

The new medical school is currently the largest medical education building under construction in the U.S.,* and one of the largest construction projects in Western New York. The new school will bring 2,000 UB students, faculty and staff to downtown Buffalo each day, providing a significant impact on the local economy.

* According to data compiled by the Association of American Medical Colleges.