UMC seeks $26 million from county - KCBD NewsChannel 11 Lubbock

3/7/10

UMC seeks $26 million from county

LUBBOCK, TX (KCBD) - University Medical Center hopes to raise $26-million in bonds in order to finish a $46-million addition to the hospital, but they need the county's approval first. They'll present their request to Commissioner's Court on Monday at 10 a.m.

UMC Vice President Greg Bruce says the East tower expansion is greatly needed. "The need for this project is there. It's very real. It has to be done. In the next few years, we're anticipating the growth will continue with our senior population, and that UMC will continue to be very full, and we need the additional capacity," said Bruce.

The 4-story East tower will house delivery and neonatal intensive care units. Two of the floors will remain open for future expansion needs. The County Commissioners must approve the bonds, but because they are revenue bonds the hospital must pay them back, not the county, so taxes won't be affected.

The other $20-million for the project is coming from UMC's cash reserves. Construction has started and is expected to be finished in 2012.

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