Town Hall Meetings Scheduled for Hospital District Bond Program
Jul 01, 2015 02:43PM ● Published by Tyler Hicks
Tarrant County citizens are invited to join the Tarrant County Hospital District (the “District”) and the Tarrant County Commissioners Court at five Town Hall meetings this summer to discuss updating and expanding John Peter Smith Hospital.
John Peter Smith Hospital is the county’s public hospital located in Fort Worth, and the improvements will upgrade facilities to meet the District’s mission in providing quality healthcare for Tarrant County residents.
The total cost of this project is approximately $809 million, which will be used for three major components: construction of a patient hospital tower with a parking garage; construction of a psychiatric hospital; and renovation of existing facilities.
According to the press release, a bond financing election would be advantageous for this project. The low interest rate available for high-quality bonds combined with the expectation of continued construction cost inflation means building now could save millions over the length of the debt service.
Both the District and the Commissioners Court will take a fiscally responsible approach to the issuance of the bonds that are approved by voters. They intend only to issue bonds if the District has the capacity to repay them without a tax rate increase.
According to the press release, the District’s current facilities are outdated, inefficient and lack the capacity to serve the growing population of Tarrant County. It is essential the District modernize its facilities in order to best serve the local population.
The information on the five meetings is below. You can learn more about the plan here.
Tuesday, June 30,
645 Grapevine Hwy., Hurst
Hurst, TX 76054
Monday, July 6, 6 p.m.
Resource Connection Gymnasium
2300 Circle Drive
Fort Worth, TX 76119
Tuesday, July 7, 6 p.m.
Lake Worth Multi-Purpose and Meeting Facility
7005 Charbonneau Road
Lake Worth, TX 76135
Tuesday, July 21, 6 p.m.
700 East Abram St.
Arlington, TX 76010
Wednesday, July 22, 6 p.m.
Mansfield City Council Chambers
1200 East Broad Street
Mansfield, TX 76063