SCOPE AND FINANCING STILL IN QUESTION EVEN AS PRE-CONSTRUCTION BEGINS
By Dan Emerson
As pre-construction work was starting in recent weeks on the proposed $1.2 billion Louisiana State University (LSU) Medical Center in the Mid-City section of New Orleans, federal officials were still in the process of determining what type of hospital will be built and how it will be financed, and new questions have now surfaced about the hospital’s financial feasibility.
Jerry Jones, the state building coordinator, has said the state has more than $900 million to start the project and is are seeking loan guarantees from the U.S. Department of Housing and Urban Development (HUD) to raise the remaining $300 million.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE