White Plains Hospital Receives $108 Million in Financing

WHITE PLAINS, N.Y.-- County Executive Robert P. Astorino announced on Tuesday that the Local Development Corporation (LDC) approved a resolution that will give White Plains Hospital access to $108 million in tax-exempt bond financing to construct a six-story patient care building.

LDC Chairman Stephen J. Hunt, White Plains Hospital President and CEO Jon B. Schandler, County Executive Robert P. Astorino, and White Plains Hospital Vice President and COO Edward F. Leonard at the announcement.
Photo Credit: *Westchester County*

Joe Jenkins

09/10/2013 12:00 p.m.

The project will add 51,000 square feet of space and renovate 14,000 square feet. The upgrades will include the following:

A six-story patient care building that will house two medical/surgical floors, family waiting rooms, and 24 new private patient rooms.
Five new modern operating room suites, along with new pre-op and recovery areas.
An expanded outpatient radiology center.
A new covered front entrance and lobby, with a glass atrium and a new café.

About 75 full-time, high-wage union construction jobs will be created as a result of a signed project labor agreement between the contractor, Gilbane Building Company, and Edward Doyle, Sr., Teamsters president, representing 34 local trade unions. The project is expected to take 24 months to complete.

The LDC has issued $246,425,000 in tax-exempt bonds to Westchester non-profits since 2008. There is no financial risk to county taxpayers.

Click here to follow Daily Voice White Plains and receive free news updates.