Construction of a new Woman’s Hospital campus remain on hold while officials look for a new source of financing for the $350 million project.
Work on the campus at Pecue Lane and Airline Highway was halted in January, about six months after construction began. Woman’s says the national recession made it difficult to secure permanent financing for the project because the credit markets were frozen. A Woman’s Hospital spokeswoman says officials are looking at the budget and scope of the construction and hope to make an announcement in the near future.
One possibility could be private financing for the hospital. Woman’s CEO Teri Fontenot said this spring the hospital looked for a fixed-rate, 30-year private deal.
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