A legislative committee that is responsible for Louisiana's annual construction budget has stripped $900 million in borrowing authority that had previously been committed to a planned $1.2 billion public hospital in New Orleans, according to a KLFY news report.
State lawmakers have long voiced concerns over the financial sustainability of the planned University Medical Center. A report by the Illinois-based consulting firm Kaufman Hall & Associates said the 424-bed teaching hospital would cost the state from $70 million to more than $100 million in subsidies each year, according to a previous Becker's Hospital Review news report.
Gov. Bobby Jindal's administration said the committee's move, if fully passed through the full legislature, would not push back plans for hospital construction.
Read the news report about Louisiana's University Medical Center.
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State lawmakers have long voiced concerns over the financial sustainability of the planned University Medical Center. A report by the Illinois-based consulting firm Kaufman Hall & Associates said the 424-bed teaching hospital would cost the state from $70 million to more than $100 million in subsidies each year, according to a previous Becker's Hospital Review news report.
Gov. Bobby Jindal's administration said the committee's move, if fully passed through the full legislature, would not push back plans for hospital construction.
Read the news report about Louisiana's University Medical Center.
Related Articles about Hospital Construction:
Albany Medical Center Expansion Could Create 1,000 New Jobs
Proposed Arizona Cancer Center May Receive Funding From Phoenix
Chicago's Swedish Covenant Breaks Ground on Joint Venture Surgery Center