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UF Backs Out Of Deal To Take Over Sanford Burnam Institute In Orlando

The University of Florida is backing out of its deal to take over Sanford Burnham Prebys Medical Discovery Institute in Lake Nona.

Back in 2006, Sanford-Burnham Prebys Medical Discovery Institute got more than $300 million dollars in incentive money to build a campus in Medical City. But the California based institute wants out, and was looking to the University of Florida to take over its operation.

Now, though, UF says it’s unclear how it can help in a timely manner given the need for legislative approvals.

“The University of Florida is willing to discuss how it can be helpful to the state in a manner that makes sense for all parties,” UF officials wrote in a statement. “However, it is unclear how UF can help in a timely manner, given the likely need for legislative approval. As such, UF is unable to proceed at this time.”

UF officials previously told WMFE they  would need $3.7 million in state money every year. Sanford Burnham said transferring their property and equipment to UF was their first choice.

“We recently learned that UF has no plans to proceed with the asset transfer at this time,” Sanford Burnham officials said in a statement. “Thus, [Sanford Burnham] is now faced with the need to find another viable alternative.”

The  story was first reported by the Orlando Sentinel.

Abe Aboraya is a reporter with WMFE in Orlando. WMFE is a partner with , which receives support from the Corporation for Public Broadcasting.

Copyright 2020 Health News Florida. To see more, visit .

Health News Florida reporter Abe Aboraya works for WMFE in Orlando. He started writing for newspapers in high school. After graduating from the University of Central Florida in 2007, he spent a year traveling and working as a freelance reporter for the Seattle Times and the Seattle Weekly, and working for local news websites in the San Francisco Bay area. Most recently Abe worked as a reporter for the Orlando Business Journal. He comes from a family of health care workers.
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