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Peninsula to vote on hospital bonds

Posted: Friday, August 08, 2003

KENAI (AP) A proposed $49.9 million bond package to pay for major expansion of Central Peninsula General Hospital is in the hands of area voters.

The Kenai Peninsula Borough Assembly voted unanimously Tuesday night to put the bond measure on the Oct. 7 municipal ballot.

The project would renovate more than 52,100 square feet of the aging facility and expand it by 74,500 square feet. Construction would include a two-story addition and relocation of the operating room, recovery area and other facilities.

Site preparation is expected to cost about $900,000, followed by new construction costing $32.4 million and renovation of $16.6 million.

If Central Peninsula Hospital Service Area voters approve the bond sale, property owners would pay an estimated $50 a year for each $100,000 of assessed real and personal property. That is based on assumptions by hospital officials that the hospital will generate part of the money needed to pay off the bonds and interest.

Without revenue generated by hospital services, property owners could pay as much as $121 per $100,000 in property.



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