Lake Erie College of Osteopathic Medicine to invest $50 million in the JU campus.
“When we did our strategic planning, it looked like there was an ultimate opportunity in the tech area. And you’ll hear more from us on that in the spring, what the world calls fintech or cyber,” he said. “It looked like it had an ultimate opportunity in the medical school field, looked like it had one in the law school field and several more that we’ll be talking about over time.”
Cost says the law school, which opened in August has, already been successful in his eyes. They chose only 14 students out of 350 applications.“There’s a big difference between a for-profit law school, which very much needs lots of people. That’s revenue driven sales … And a private law school where our goal is to be very good. And whether the law school ends up having 300 students or 400 students or 500 students is not as important to us.
“You put all those together in this medical mall area, you’re going to create more than well more than $50 million in economic benefit,” Cost said. I think ultimately LECOM and JU will be talking closer to $100 million.” Eight years ago, the city of Jacksonville partnered with JU in a plan called “Renew Arlington.” Cost says hundreds of millions of dollars have been put into the initiative.Kent Justice co-anchors News4Jax's 5 p.m., 10 and 11 p.m. newscasts weeknights and reports on government and politics. He also hosts "This Week in Jacksonville," Channel 4's hot topics and politics public affairs show each Sunday morning at 9 a.m.
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