The county’s part of the $32 million project will be $10 million, but the bond issue will provide another $4 million to purchase the property where the old hospital stands for redevelopment.
The timing is right for such a bond issue, as the interest rate will be around 3.75 percent.
The county will get a new state-of-the-art hospital, with not only top-notch medical care for residents, but also several hundred permanent high-paying jobs, as well as ownership of the existing property which should be attractive to new tenants.
That’s a win-win-win situation.
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