Home » NEWS » Banking & Finance » Supervisors to apply for loan for new hospital

Supervisors to apply for loan for new hospital

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.


… 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