Home » NEWS » Health » Aldermen vote to keep funds intact from hospital deal

Aldermen vote to keep funds intact from hospital deal

OXFORD — The Oxford Board of Aldermen has voted to keep intact the $30 million it is getting as its share of the sale of a hospital building to Baptist Memorial Health Care Corps.

The board had voted to set aside $2 million of the $30 million to pay for some immediate community needs, while investing the remaining $28 million to use for long-term needs.

However, at a meeting yesterday, the board reversed itself and voted to restore the $2 million into the investment pot. The Oxford Eagle reports the board took the action after Mayor Pat Patterson threatened to veto the effort to use $2 million for community needs.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply