AUSTIN (KXAN) - Your tax dollars will help pay for a major medical endeavor in Austin: a medical school for the University of Texas.

The location of the teaching hospital will be next to the Frank Erwin Center and the existing University Medical Center Brackenridge, where officials unveiled the first renderings of the medical school Tuesday.

Construction begins next year, with completion expected in 2017.

Not only will this school teach future doctors but it also gives the community a host of medical providers who will work in the community as training.

The teaching hospital and medical school are expected to bring 15,000 jobs, aside from those in construction.

In-Depth: Dell donates $50 million to school

The Michael and Susan Dell Foundation announced in late January that the organization is committing $50 million to help establish the Dell Medical School at the University of Texas at Austin.

In November 2012, Travis County voters approved Proposition 1, which raised property taxes as the main source of revenue to support health care services in the area.

In addition to the $50 million, the Dell family foundation is donating another $10 million to community health quality and access programs throughout the next 10 years.

The Dell foundation was established in 1999. Since then, the organization has helped fund the Dell Children's Medical Center of Central Texas, as well as numerous other health services across Central Texas.

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Get first look at new UT medical school