OHSU's $1B investment in cancer research will have positive economic impact

Brooke Murphy - Print  | 

Portland-based Oregon Health and Science University's $1 billion investment in early detection cancer research is expected to create an economic windfall, according to the Oregonian.

In addition to the $1 billion for research and related activities, OSHU earmarked more than $500 million for the construction of three buildings in Portland's south waterfront area. The largest will be used for healthcare services, the second for research activities and the last will provide housing for patients and families.

Portland-based ECONorthwest, an economics consulting firm, estimated the planned care centers total gross economic contribution could produce nearly $6 million in property and income tax revenue and $134 million in economic output.

Construction is slated to start next year, according to the Oregonian.


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