Supervisors to apply for loan for new hospital
Published: August 23,2011
PHILADELPHIA — Neshoba County supervisors have agreed to apply for a $4-million loan to help finance the construction of a new hospital.
Officials tell The Neshoba Democrat that the hospital will pledge revenue and assets to ensure the repayment of the loan.
Construction is expected to begin by Thanksgiving on the $19-million hospital project, which will be completed in two phases. The first phase is a new hospital just south of the current structure in the vicinity of the heliport. Phase 2 calls for the renovation of the current 50-year-old hospital, which would house obstetrics and gynecology offices, labor and delivery rooms and a nursery.
The hospital is using $14.7 million in cash reserves to pay for the work.
Each phase will take about one year to complete.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Prison-contract task force working in wake of Epps' indictment
- Bryant wants free tuition for students with technical diploma
- Investigators find massive Ag Museum fire was an accident
- Analyst: KiOR Columbus plant may end up sold as scrap
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- BankPlus recognized for alternative program to payday lending