EVANSVILLE, IN (WFIE) -

The City of Evansville says its proposed location for the new Indiana University Medical School is land covering six blocks in downtown Evansville - bounded by SE 4th Street, Cherry Street, SE 6th Street and Locust Street.

The area selected is directly next to the future downtown convention hotel.

Mayor Lloyd Winnecke says the IU Medical School has a potential economic impact of $340 million by 2020.

Three businesses are currently located on the land for the proposed medical school location - Townsquare Media, D Patrick Ford and Deaconess Clinic.

Officials say they have secured the necessary options to demolish the Townsquare Media building and D Patrick Ford.

Deaconess says the proposed location will not affect their clinic. Their physicians offices and other clinic services will remain in their current location and be situated adjacent to the new medical campus.

Deaconess 14News they are "happy to participate in the planning process" for a inter-professional medical campus in the Tri-State.'

Proposals for the medical school were dueto Indiana University by 1:00 p.m. Evansville time onFriday.

Warrick County officials and The Martin Group have also laid out pitches for the medical school and are expected to submit official proposals.

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City announces downtown location for proposed IU Med School