COST OF 155-BED TOWER NOW ESTIMATED AT $682 MILLION – UP FROM $550 MILLION
Staff Reports
Highland Hospital/Alameda County Medical Center in Oakland is finally moving forward on plans for a replacement hospital in order to comply with California’s seismic safety guidelines.
The rebuild is now expected to cost about $680 million – up from an original estimate of about $550 million. The public hospital recently sent requests for proposals (RFPs) to two pre-qualified bidders: Greeley, Colo.-based Hensel Phelps Construction Co. and Clark Design/Build of California. The firms have until Feb. 24 to submit bids for the project. Clark Design/Build, which has offices in Oakland, is a subsidiary of Bethesda, Md.-based Clark Construction Group LLC.
County officials recently said the rebuild should cost about $682 million, including $360 million to build a new, approximately 155-bed acute-care tower at Highland Hospital, which currently has 236 beds. Other costs would include demolition of the existing tower.
County officials say they plan to line up short-term loans to finance the project, starting in the county’s 2009-2010 fiscal year, which begins July 1. Those short-term loans would be replaced by long-term certificates of participation in 2015 or soon after, according to officials.
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