Jefferson Healthcare is pulling out of its previously planned bond measure to raise funds for a hospital expansion project, which is currently expected to cost around $70 million without bond …
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Jefferson Healthcare is pulling out of its previously planned bond measure to raise funds for a hospital expansion project, which is currently expected to cost around $70 million without bond support.
The hospital’s board of commissioners met Wednesday and unanimously approved a motion to drop the bond, which would’ve provided Jefferson Healthcare approximately $35 million for the expansion.
Without the bond measure, the expansion project will no longer include a shell floor — extra space for future expansion — and officials estimate the bond-free project will add around 58,000 square feet to the hospital’s campus on Sheridan Street.
Hospital commissioners listed the current economic state locally and nationally as one of the key factors to the board’s decision to continue without a bond measure.
