It’s been referred to as the new chapter in the history of Orlando. Lake Nona Medical City is becoming a monumental landmark not just for Orlando but as a premier location for medical care, research as well as education. Meticulously planned out, it represents an obvious strategy to build a focused cluster of the world’s most sophisticated medical treatments, education, and research in Central Florida.
Over the next ten years, some of the country’s top hospitals, research institutions, and universities will call Lake Nona Medical City home while enhancing economic development and as well as build a job creation machine for Orlando. Also, speaking as an Orlando Realtor, I firmly believe that it will continue to positively affect Orlando real estate.
Lake Nona’s Medical City Economic Impact Could Exceed That of Walt Disney World!
Many people say that Orlando’s Lake Nona medical facility will produce a boost in the local economy that will exceed that of alt Disney World when it opened its doors in 1971. How on earth can that be considering Disney World’s Orlando location currently employs over 60,000 people?!
The reason is that Lake Nona’s 600+ acre “Medical City” contains a combination of some of the world’s most brilliant medical minds together with biotechnology-driven health care facilities. Located just 10 minutes from Orlando International Airport, this cluster will be an economic freight train for Central Florida.
The Lake Nona Medical City will bring over thirty thousand jobs to Orlando and will have a projected 7.8 billion dollars on the local economy over the next 10 years. This doesn’t include the small businesses that are and will continue springing up around the facility.
Some of the facilities located in Lake Nona Medical City
*UCF’s new health sciences campus at Lake Nona. This 50+ acre campus will employ over four hundred full-time and part-time employees.
*The Sanford Burnham Medical Research Institute spent over $85 million on its state-of-the-art research center and will become home to three hundred of the country’s top scientists and staff.
*Veterans Affairs Medical Center is expected to serve over 400,000 veterans and is also the national site for the Dept. of Veterans Affairs Medical Simulations Center for Excellence. The total cost for building this facility was in the neighborhood of 665 million dollars and will employ more than 2,000 people.
*The University of Florida will have a 100,000-square-foot biomedical research facility worth over 61 million dollars.
It’s pretty amazing when you think about all of these medical and biomedical facilities located in one Florida community. This is great news for Orlando as well as the state of Florida. One thing is for sure the jobs that Lake Nona Medical City will create as well the small businesses it will help will do wonders for the local economy as well as continue to fuel the Orlando Real Estate market.
