Office of the Chancellor Gor Colorado Street Austin, Texas 7870" 512-499-4201 WWW,UTSYSTEM.EDU Tue University of Texas SystEM FOURTEEN INSTITUTIONS. UNLIMITED POSSIBILITIES. March 1, 2017 Mr, Paul L, Foster Chairman ‘The University of Texas System Board of Regents 201 West 7%, Suite 820 Austin, Texas 78701 Dear Mr. Chairman, Ithas become clear to me that the proposed Houston project is overshadowing the extraordinary work underway on the 14 campuses of the UT System. I do not wish to do anything that distracts from the advancement of our institutions and their presidents’ visions. Therefore, | am advising the Board of Regents that any further efforts on the Houston project will be stopped immediately. accept full responsibility for the lack of progress on this initiative, [am grateful to the Regents, my System staff and the university presidents for their engagement over the last year. also offer my deepest apology to those members of the Houston Task Force who selflessly dedicated countless hours to develop a bold vision for the future of UT's investment in Houston. | am incredibly appreciative for their support and friendship throughout this process. While we will not implement this plan in Houston, 1 am confident that some of the great ideas that emerged from the Task Force will be worth considering on other UT campuses. Iwill also recommend to the Board of Regents that our real estate office develop a plan to divest the System of this land. Ie will take time, but we will do so in a manner that protects the System’s investment in the property. Iam grateful for your support of the UT System and look forward to working with the Board and you on the many opportunities ahead. Very respectfully, ‘illiam H. McRaven_ Chancellor WHM/jbp “The University of Tenn at Arlington ~The Univeriy of Tena at Auatin The Universe of Tena t alls ~The University of Tens at EL Paso ‘The University of Tenn ofthe Permian Basin The University of Terns Rio Grande Valley - The University of Teme San Antonio “The Universiy of Te at Tyee «The Unverity of Texas Southwestern Medical Center ~The Univerty of Taras Medial Branch at Galveston "The University of Tess Health Science Center at Houston The Univers of Tear Health Science Center a San Antonio “The University of Ten MD Andsiton Cancer Genter ~The University f Temas Health Science Center at Tyler