home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Big Blue Disk 49
/
bbd49.zip
/
SENATE.CMP
< prev
next >
Wrap
Text File
|
1990-09-18
|
2KB
|
39 lines
-- START OF TEXT --
Shreveport's Biomedical Research Institute got a $12.5 million boost
toward reality Wednesday when a Senate panel OK'd the final share of federal
funds for the project. The money for the $35 million facility was approved by
the Senate appropriations subcommittee on Energy and Water Development.
The money was part of $270 million for Louisiana projects approved in the
spending bill. The full Senate Appropriations Committee is expected to take
up the bill late this week and full Senate action could come next week.
The Biomedical Research Institute will conduct research into cardiovascular
disease, molecular biology and neurobiology.
Sen. J. Bennett Johnston, D-La., has been pushing for the
appropriation for the institute, which would create about 300 construction
jobs and 150 permanent jobs. Groundbreaking is scheduled in October with
completion in 1992. "Isn't that fantastic?" said Tom Tierney of Shreveport
when told that the money had been approved by the subcommittee. Tierney is
executive director of the Biomedical Research Foundation, the fund-raising
entity behind the institute. Virginia Shehee is president of the foundation.
She was out of town Wednesday. Tierney said the federal money is the final
sum the foundation has been waiting for. "Sen. Johnston issued a challenge to
the community to respond with two endowed chairs and to the state to respond
with equipment funding and they have," Tierney said. "Now our senator has
delivered the second phase of the federal funding to make the public-private
partnership a reality."
The state recently approved $8.75 million to furnish and equip the
institute as part of a capital outlay bill. The federal government had
previously approved another $10 million toward construction. The
Shreveport-Bossier community is putting in $4.7 million - $2 million in
endowments from Schumpert Medical Center and Willis-Knighton Medical Center,
and $2.7 million already raised in contributions and pledges from individuals
and businesses. The institute will be built adjacent to LSU Medical Center.
The economic impact is estimated to be $7.6 million when it opens in 1992, and
salaries will average $33,000.
*** From The (Shreveport) Times, Shreveport, LA ***
-- END OF TEXT --