Wednesday, February 17, 2010
Pikeville Medical Center Acquires Funding
KENTUCKY....
To help construct an office building and parking garage, Pikeville Medical Center has been granted a $44.6 million loan from the federal stimulus package passed last year by Congress. The loan, granted February 12th, will provide partial funding for offices that will be built on the existing parking lot next to the current 10-story building. Those offices will house outpatient surgery, endoscopy rooms, exam rooms and other services. In addition to about 1,400 construction jobs, the project is expected to create nearly 100 long-term jobs. When the project began, a seven-story building was the goal, but the hospital agreed to supplement its own funding to add four more stories.
The hospital recently opened a cardiology office in Paintsville and is building a new emergency room that is expected to be designated a Level 2 trauma center by the state.
To help construct an office building and parking garage, Pikeville Medical Center has been granted a $44.6 million loan from the federal stimulus package passed last year by Congress. The loan, granted February 12th, will provide partial funding for offices that will be built on the existing parking lot next to the current 10-story building. Those offices will house outpatient surgery, endoscopy rooms, exam rooms and other services. In addition to about 1,400 construction jobs, the project is expected to create nearly 100 long-term jobs. When the project began, a seven-story building was the goal, but the hospital agreed to supplement its own funding to add four more stories.
The hospital recently opened a cardiology office in Paintsville and is building a new emergency room that is expected to be designated a Level 2 trauma center by the state.
# posted by Homer Owens @ 7:03 PM 
