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$132M in Bonds Go to Staten Island Hospital’s Upgrades
The modernization of Richmond University Medical Center on Staten Island has gotten $132 million in funding, thanks to tax-exempt bonds that have been approved by Build NYC Resource Corporation’s board. The long-term facility improvement plan will commence this spring with the start of construction on a new emergency department.
“Staten Islanders want and deserve state-of-the-art healthcare, and allowing RUMC to continue its mission to deliver a new Emergency Department facility is critically important to our borough,” said borough president James Oddo. “This has very much been a team effort to this point, and we welcome and appreciate the Build NYC board for their work to help complete RUMC’s expansion and renovation project.”
The New York City Economic Development Corporation’s Strategic Investments Group helped facilitate the access of bond financing through Build NYC. Along with launching the emergency department project, RUMC will begin work on a co-generation facility later in 2019.
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