Hershey Medical Center has been unable to secure $235 million dollar bond necessary to proceed with the project due to the current global financial crisis.
Groundbreaking had been scheduled for January but now hospital leaders are unsure of how quickly the project will be able to get back on track. Harold Paz, the hospital’s CEO, maintains that proceeding with the children’s hospital is a top priority and the medical center has been placing focus on fundraising efforts.
Despite this setback for Hershey Medical Center, the organization has moved forward with several other construction projects including a new cancer institute, expansion of the hospital’s post-anesthesia care unit, and renovations to the first and second floors of their hospital’s south addition.
Read the press release announcing the delay in construction of the Penn State Hershey Children’s Hospital.
