Posted by Karin Slyker | email
LUBBOCK, TX (KCBD) - University Medical Center wants to expand. And on Monday, Lubbock County Commissioners approved $26 million in revenue bonds to help them do that.
U.M.C. Vice President, Greg Bruce, says the $46 million East Tower expansion is greatly needed.
"The need for this project is there. It's very real. It has to be done," said Bruce. "In the next few years, we're anticipating the growth will continue with our senior population, and that U.M.C. will continue to be very full, and we need the additional capacity."
The four story east tower will house delivery and neo-natal intensive care units. Two of the floors will remain open for future expansion needs.
Revenue bonds must be paid for by the hospital, not the county, so the tax rate will not be affected. The other $20 million for the project is coming from U.M.C.'s cash reserves.
Construction has started and is expected to be finished in 2012.
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