Texas Children's Hospital Expansion

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Officials at Texas Children's Hospital in Houston plan Thursday to announce a one-point-five billion dollar expansion.

The project calls for adding a neurological research institute, maternity center and a satellite hospital in west Houston.

The project will be funded by the Texas Children's endowment, a 400 million dollar fundraising campaign and tax-exempt bonds.

It will add up to three-thousand jobs and contribute to ongoing expansion at the Texas Medical Center. Construction should be finished by 2010.

Officials say the neurological institute will be the first of its kind in the world devoted to the unique issues of a child's brains.

The maternity center is Texas Children's first foray into delivering babies.

The satellite hospital in west Houston is a response to suburban growth.

Hospital president Mark Wallace says the project is, quote, "about accelerating the translation of research from bench to bedside."