Sunday, July 29, 2012

After emerging from bankruptcy, Downey Regional replacing ...

Jul. 27, 2012 by Ben Baeder

DOWNEY ? In order to comply with earthquake-related building guidelines, the Downey Regional Medical Center plans to knock down its old conference center and build a new one in its place, according to the agenda for Wednesday?s Planning Commission.

The approximately 3,700-square-foot building at 11500 Brookshire Ave. would replace a round structure of the same size that currently serves as the hospital?s conference room, according to a report on the project. The new building would meet modern building codes, according to the report.

The city owns a big chunk of the hospital campus, including the land for the proposed conference center.

The city in February put up its stake in the property as collateral to help the hospital get loans to emerge from bankruptcy. The hospital in March officially emerged from s bankruptcy in March and was almost breaking this year even after years of losses, according to bank officials.

Click here for a story in February about the city?s efforts to help the hospital overcome its financial troubles.

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Source: http://downeybeat.com/2012/07/after-emerging-from-bankruptcy-downey-regional-replacing-conference-center-58284/

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