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Matthew Richardson

The University of Central Florida looks to break ground sometime this year on a new on-campus research and incubator facility. The project is expected to cost $45 million and is estimated to be nearly 120,000 square feet. Tom O'Neal, associate vice president for research and commercialization at UCF, said the university is coming up with $20 million for Phase 1 of the first building. Overall, the project — officially titled the Interdisciplinary Research and Incubator Facility — will have two buildings.