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Funding
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Interesting suggestion about the local business journals, Vic.
It does look like the city and state will be ponying up a good chunk of cash together with local foundations. If I remember correctly, in one of his Science pieces, Zerhouni blamed ambitious state and local governments for part of the expansion of R01 applications that is causing the NIH so much grief at the moment.
Designation as a national cancer center should help a lot with funding. But quadrupling their funding seems incredibly ambitious given the level of competition right now and the relatively grim outlook for future NIH funding. That anticipated $350 million per year has to be a big chunk of their projected annual operating costs. If that fails to come through, it could be pretty ugly for all concerned.