And yet that's precisely what has happened. Demolition and property acquisition proceeded despite a lack of funding. You're well aware of that if you're a regular reader of this blog.
James Gill at the Times-Picayune points out just how foolhardy the backers of the proposed UMC hospital have been - and notes that signficant hurdles and uncertainties remain.
After mentioning that the proposed hospital would need an unsustainable $70 million annual subsidy, he also does something that I'm sure will raise the ire of folks at LSU and the state - he re-floats the idea of going back into Charity Hospital.
Sunday, February 13, 2011
"You'd have to figure the complex was certain to be built if work had begun to turn a vast tract at the heart of New Orleans into a wasteland. It wouldn't make much sense to acquire property and commence demolition before the money had been lined up to fill the void left by the closure of Charity Hospital."
Labels:
Charity Hospital,
financing,
HUD,
James Gill,
LSU,
Times-Picayune,
UMC,
uncertainty
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