The Arizona Board of Regents gave final approval last week to construct the University of Arizona Cancer Center-Phoenix.
The six-story, 230,000-square-foot, $100 million cancer center will be located at the corner of Fillmore and Seventh streets and should open by early 2015. It will house cancer services including infusion, radiation oncology, diagnostic imaging, endoscopic/interventional radiology, a breast center, specialized cancer clinics, patient wellness and support services, a prevention/executive health clinic, clinical lab space and other related support services.
Plans for the building include using the first four floor immediately, with plans for expansion to the fifth floor when necessary and the sixth floor will have enclosed space for mechanical equipment.
Of the total $100 million project budget, the Cancer Center will raise $20 million from philanthropic giving. Phoenix is supporting the project with $14 million in funding. The UA will issue $66 million in revenue bonds. The University will use UACC-Phoenix lease revenues and operating revenues to fund the project’s debt service.