1.27.2010

Charity Hospital Arbitration - The Numbers Are In

The State of Louisiana gets an award of $474.7 million (higher than expected) for damage to the structure during Hurricane Katrina.

This number was crucial to the nature of the fight for Lower Mid-City.  The extra funding gives LSU a leg up in its push to build a new hospital - although it's not even half of the total cost involved.

ADDED: While I think the funding will give LSU momentum based on its own arguments...I think it also raises a simple question - why not use the windfall to revitalize the old hospital building?  They could start today, rebuilding floors or nodes within the structure.  It wouldn't even require any bulldozing or additional hassle in Lower Mid-City.

ADDED II:  SaveCharity lays out the argument nicely.