The UT System is creating a new university that will be formed in 2015 from the merger of University of Texas–Pan American and the University of Texas at Brownsville.
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In 2003, the UT System Board of Regents and Simon Property Group reached a $130 million lease agreement under which Simon would build a shopping mall on 46 acres (186,000 m²) of unused PRC land along Loop 1 and across from another Simon Property Group venture - The Domain.