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The borough's Planning Board on Thursday night unanimously approved the seven-story, 362-bed plan for a 40-acre parcel near Winters Avenue, NorthJersey.com reports.
The main entrance will be located at Valley Health Plaza and Winters Avenue, across the street from the Luckow Pavilion, Valley's same-day-surgery and comprehensive cancer center.
The hospital -- which will replace the health network's current Ridgewood location -- is expected to be complete in 2023.
The facility will have single-patient rooms and a five-story parking garage -- both with a green roof for environmental protection purposes.
Changes to nearby streets as part of the project will include a left-turn access lane in and out of Parkway Elementary School allowing drivers to go east. The hospital will also pay for a new traffic signal on Winters Avenue adding left turn lanes to both north and southbound sides of the roadway.
An anonymous donor put $20 million toward the $735 million project, and the Bolger Foundation gave $15 million.
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