Penn State Health to spend $375M to develop hospital, office building in East Hempfield
The figure was announced at a hearing of the
“The project looks great,” said
The financing would cover the entire cost – land, building and equipment -- of the 129-bed hospital and office building, said Ross Darrow,
The price tag, coupled with the 700 jobs it will create, make the venture one of the county’s biggest economic development projects in memory.
Since announcing its intention in
The Lancaster County Commissioners, who will have final say on whether the bonds will be issued, are expected to make a decision at their
If the commissioners approve, the authority anticipates selling the 30-year, fixed-rate bonds in early November, at an interest rate to be determined, and lending the proceeds to
None of the six members of the authority raised any questions about the bond issue or the project during the roughly 10-minute presentation by
Darrow’s comment that the project would create 700 people jobs represents a decrease from the 900 jobs that
The State Road project is the centerpiece of Penn State Health’s ambitious strategy to carve out a bigger share of Lancaster County’s health care market, long dominated by
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