Thursday, May 24, 2007

Soaring Costs Cause PPH To Cancel Downtown Renovations

The cost for a new hospital in the ERTC has soared to $811 million, from an original estimate of $531 million in July 2004. To cover the soaring costs, Palomar Pomerado Health is positioned to use the $73 million originally earmarked for renovation of the downtown hospital (Palomar Medical Center), and apply that money to the cost overruns on the new hospital.

Also, PPH cannot afford to build a Women's and Children's center in Escondido, so it is positioned to use the downtown facility beyond the seismic retrofit deadline (initially 2013).

A video of the presentation to the PPH Board at a meeting held on May 22, 2007 is at the following link:
Video File (22MBytes)