SAN ANTONIO -

The San Antonio City Council on Thursday unanimously approved a $7.7 million funding agreement to help build a new University of the Incarnate Word medical school.

The money will pay for the necessary infrastructure improvements for the 120,000 square-foot facility, one of only two osteopathic medical schools in Texas.

"It gives San Antonio a second medical center downtown to compete with the new medical center that will develop in Austin," said UIW President Lou Agnese. "All of this is very important for the future of San Antonio and the future of Incarnate Word."

The new $25 million facility will be built at the current site of the Fox Tech High School football field.

The San Antonio Independent School District will lease the land to Incarnate Word.

SAISD Superintendent Sylvester Perez said the agreement will keep homegrown talent in San Antonio.

"We know this is going to provide a spiral curriculum for our students at Whittier, Fox Tech, and Edison High School that are seeking any profession as far as the medical services are concerned," Perez said.

Bexar County leaders have until the end of October to decide whether the county will chip in about $5 million to help build a parking garage.

Agnese said if all goes as planned, construction would start in June 2015 and students would begin enrolling in August 2016.

For a list of recent stories Cory Smith has done, click here.