Tax credits move Roswell Park expansion forward
A $6.3 million tax credit allocation will help advance construction of Roswell Park Cancer Institute's new Clinical Sciences Center.
Ground was broken on the state-of-the-art center back in April. The $44 million, 142,000 square foot facility will allow the hospital to better accommodate its patient care and research services. It will house a new Chemo-Infusion Center, an expanded Breast Center and Mammography Center, and a Patient Education/Survivorship Center.
Roswell Park President and CEO Dr. Donald Trump says the center will also provide more space for clinical research studies.
"It also provides us the ability to continue to grow our scientific and education programs. Being able to feature premier space is an attractant to new faculty recruits, new students and trainees," said Trump.
RPCI will receive a total allocation of $30.5 million in federal tax credits, secured through the federal New Markets Tax Credit Program. Rep. Brian Higgins (D-Buffalo), who helped the hospital obtain the financing, says business and government must continue to support the cutting-edge research being done at Roswell.
"It's incumbent upon us, as a community, to make the investments that are necessary to advance this institution because when the next great therapy to cure cancer is developed, we want to have it developed right here at Roswell," Higgins said.
Roswell says around 340 jobs will be created when phase one of the project opens in March 2016, most of them full-time. The building, which will feature 11 floors, is the first clinical expansion on the Roswell campus since 1998.