Consulting firm Kaufman, Hall & Associates included this estimate in its recent report on a business plan for UMC. The plan must be approved by Louisiana’s House Budget Chairman Jim Fannin (D-Jonesboro) before the UMC board can acquire construction contracts.
A UMC board member said the state general fund is $8 billion and total budget $25 billion, according to the report. The state has already committed $730 million to UMC and may provide an additional $100 million or more for a federal settlement for Charity Hospital’s losses from Hurricane Katrina. Charity Hospital is UMC’s predecessor.
The hospital is planned to open in 2015.
Read the Times-Picayune report on the potential need of $100 million to support construction of University Medical Center.
Related Articles on New Orleans’ University Medical Center:
Louisiana Lawmakers Take Away $900M in Borrowing Authority From Planned Public Hospital
Lawmakers Concerned Over Price Tag of New Orleans’ University Medical Center
Ground Breaks on New Orleans’ University Medical Center
