MBJ: St.Jude gets $37 million in infrastructure support
The state is ready to do its part to help St. Jude Children’s Research Hospital’s $7 billion expansion.
Tennessee Gov. Bill Haslam announced Thursday, Dec. 8, that the state will use $12 million in FastTrack funding to improve the public infrastructure surrounding St. Jude.
“It’s not just the hospital but the community — the Pinch District — that is going to be transformed as a result of this project,” said Tennessee Economic and Community Development commissioner Randy Boyd.
“Little if any of the money is going to be spent on the St. Jude campus. The majority will be spent on infrastructure outside our gates in the Pinch District,” said ALSAC president and CEO Rick Shadyac. ALSAC is the fundraising arm of St. Jude.
One amendment in the budget was a non-recurring sum of $12 million to be earmarked for the Department of Economic and Community Development (TNECD), FastTrack Infrastructure and Job Training Assistance, to be “paid for the benefit of St. Jude Hospital in Memphis.”
“We hear the word hospital, but we know St. Jude is much more than a hospital. [It’s] a magnet for the best cancer research talent in the world,” said Shelby County mayor Mark Luttrell.
The City of Memphis will also invest $25 million in public infrastructure projects in addition to the state’s investment.