Transactions (December 2007)

Doc hopes to buy, convert Waco tower

SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE

By John Mugford

A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. Chang, a cancer and blood specialist, is the fact that the city wants to buy the tower and convert it into a new police headquarters.

In addition, officials with Texas research institutions doubt whether Dr. Chang could indeed start a research institute from scratch without the backing of a current institution or wealthy philanthropist, according to a story in the Waco Tribune-Herald.

The tower is to be vacated by Hillcrest Health System, which is building a new Waco campus at Loop 340 and U.S. Interstate 35 away from the downtown area. The new $184 million campus is slated to have a main hospital, a women’s and children’s hospital, and an MOB.

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