$108M in Bond Financing Approved for White Plains Hospital

WHITE PLAINS-Westchester County's Local Development Corp. approved bond financing of up to $108 million on Monday evening to help finance an expansion and renovation project at White Plains Hospital.

By John Jordan | Updated on September 10, 2013

WHITE PLAINS-Westchester County’s Local Development Corp. approved bond financing of up to $108 million on Monday evening to help finance an expansion and renovation project at White Plains Hospital.

The LDC Board voted unanimously in favor of the bond financing sought by the hospital, which will cover approximately $89 million in construction costs and $19 million in the refinancing of existing debt. The project is the largest financed by the LDC thus far that was created by Westchester County Executive Robert Astorino in January 2012, but was not officially authorized until recently by the Westchester County Board of Legislators.

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