The University of Florida formalized an agreement Thursday to build a research facility in Orlando.

The UF Academic and Research Center at Lake Nona is planned to house biomedical research laboratories, a drug development center and the UF College of Pharmacy doctoral program.

In 2008, the Florida Legislature appropriated $6 million for UF to begin planning the $61 million, 100,000-square-foot center. UF must still obtain funds to build the facility.

A signing ceremony for the agreement was held before the Burnham Institute for Medical Research dedicated its Lake Nona facility. It will serve as the east coast campus of the California-based institute.

The facilities are part of a “medical city” at the southeast Orlando site that includes the Orlando VA Medical Center, Nemours Children’s Hospital, MD Anderson Orlando Cancer Research Institute and the University of Central Florida College of Medicine.

Source: Gainesville Sun; for the original story visit the Web site.