Shelby CountyTuesday, November 3
Regional One's CEO says the $900 million hospital project is not on hold, but funding is short
The 5AM Bartlett team
If you pay Shelby County's wheel tax, here's where the new Regional One hospital stands. CEO Dr. Reginald Coopwood says the $900 million project is not on hold, but the money isn't all there yet.
Regional One's new hospital still needs money
- $900 million
- for the new hospital campus
- $500 million
- that Shelby County has committed, around
- 2030 or 2031
- for completion, if funding is secured
Source: FOX13 Memphis
That leaves about $400 to $450 million. Regional One hopes to raise it from local and national foundations, and it plans to ask the state for support too. Coopwood said it wouldn't be responsible to start buying steel until the rest of the funding is lined up.
“We never intended for Shelby County to pay the whole amount,”
He points to aging infrastructure and growing demand for emergency and trauma care. The Daily Memphian reported on Oct. 26 that work was continuing to clear land at 495 Union Ave., the old Commercial Appeal site, for what could be a new hospital.
13,000 to 15,000trauma center visits a year at Regional One today
The trauma center was originally built to handle 3,000 to 5,000 visits annually.
Source: FOX13 Memphis
- Construction time once it starts: two and a half to three years
- Planning: teams of 30 to 50 people meet every two weeks
- Donations: Coopwood invites anyone with the means to give