Wednesday, April 20, 2011

State Treasurer sounds off on WWL Radio

Yesterday, State Treasurer John Kennedy made some insightful - and damning - remarks about the financing and business model for the proposed UMC hospital on Garland Robinette's show.

"You've gotta figure on it coming in higher than that" - Kennedy, noting that in other words, the hospital will cost even more to build than projected.

"If you went to the bond market today...I do not believe you would be able to borrow the money at an acceptable interest rate..." - Kennedy

Kennedy starts talking at about 7 minutes in.  Shortly before 13 minutes in, he suggests that rebuilding in the old hospital (Charity) is one of the two options for how to deal with the issues.

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