Snoqualmie Valley Hospital District may have found a n
October 2, 2008 · Updated 6:15 PM
Snoqualmie Valley Hospital District may have found a new way to pay for its new hospital campus at the I-90 interchange with Snoqualmie Parkway.
Hospital officials will present their new plan to residents at a public hearing, set for 6:30 p.m. Tuesday, May 6 at Snoqualmie Middle School.
This is not just about the hospital; this is about our entire community, said Hospital Administrator Rodger McCollum. We want the public to come and participate.
The district is now proposing to fund its new campus through a partnership with a non-profit organization to use tax-exempt financing. The hospital would enter into a lease with the National Development Council, which would hold the title to the land. The NDC would issue some $50 million in tax-exempt bonds, meaning we get a very low interest rate, McCollum said.
Hospital unveils financial changes