UTICA–Property acquisition, steel tariffs and a need for construction workers are among the reasons Mohawk Valley Health System cites a larger price tag to put a hospital downtown.
“You project cost at one point but when those timelines move out, the cost of labor and material change as well.”Robert Scholefield, Executive Vice President/Chief Operating Officer – MVHS
The initial cost for a new medical campus was $480 million–to be supported by a $300 million state grant.
MVHS Executive Vice President and Chief Operating Officer Robert Scholefield says a cost increase does not impact the grant.
Scholefield says the additional expense will be incurred by MVHS and its financing for the project’s remaining cost. He added, the new project cost estimate should be determined in the coming weeks.