St. Anthony’s Hospital in Chicago is planning a unique $250 million replacement campus — a plan that, if approved, would require $45 million in tax-increment-financing subsidies from the city, according to a Chicago Sun-Times report.
The new campus, which would be built on an 11-acre space blocks away from St. Anthony’s current century-old facility, would include a community center and offer recreational programs for 500,000 area residents. The Catholic hospital also wants to partner with the Chicago Park District, which would be a groundbreaking affiliation, to build a park in the community.
The replacement campus would take three years to build. It would require a TIF subsidy so massive, the city would need to create a new TIF district — the 160th — in Chicago, according to the report.
St. Anthony’s nearly joined the 20 Chicago hospitals that have closed in the past 30 years when it almost shut its doors three years ago. Its numbers are now on the upswing, according to the report. Since 2006, the hospital’s annual admissions have increased by 50 percent. Emergency department visits and surgeries performed at the hospital are on the rise as well.
Read the Chicago Sun-Times report on St. Anthony’s new hospital plans.
Read about other hospital expansion plans:
–Mayo Clinic to Build $370M Proton Beam Therapy Facilities for Cancer Care
–Cleveland Clinic’s Hillcrest Hospital Opens $163M Expansion
–DMC, Vanguard Joint Venture Center Breaks Ground
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