Friday, July 15, 2005

Boiled Frogs In Inland North County

In researching the "healing environment" aspect of the new hospital design, I came across the following surprising information quoted below:

"The district also must determine how it will pay for the massive rebuilding project. Palomar Pomerado's new chief executive officer, Michael Covert, said recently that fund would probably be raised with philanthropic donations, hospital revenues and through the sale of bonds."

"The design process could take about two years, Palomar Pomerado officials said."

"Palomar Pomerado board members decided in 2001 to spend more to completely redesign their hospitals instead of spending $56 million to simply install braces and supports to meet the 2008 standards.
The $329 million project is essentially two jobs: In November, board members approved spending a maximum of $266 million to build a new patient-treatment tower ---- to replace the current tower that will be demolished ---- at the 319-bed Palomar Medical Center; and up to an additional $63 million to build a new patient tower, medical office building and increase the number of beds at the 119-bed Pomerado Hospital." See report in the North County Times at:
http://www.nctimes.com/articles/
2003/03/20/export6141.txt


For $56 million, PMC could have remained as it is until 2030.

The PPH Board recently approved a resolution that directs the county to start collecting the taxes needed to pay off $80 million worth of general obligation bonds that the district sold earlier this month, under Proposition BB. See report in the North County Times at: http://www.nctimes.com/articles/
2005/07/12/news/inland/71105193319.txt

Come each April 10 and December 10, property taxpayers within the Palomar Pomerado Health district may feel like boiled frogs.

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