Acadiana Business

Bond program funding $60 million LGMC expansion

by Leslie Turk

On the heels of completing an $85 million renovation, LGMC gets approval for up to $60 million in hospital revenue bonds to fund operating room and emergency department expansions.

The Louisiana Public Facilities Authority Board approved up to $60 million in hospital revenue bonds to fund operating room and emergency department expansions at Lafayette General Medical Center.

The Advocate reported that the project will add 85,000 square feet to the Oil Center complex.

The hospital recently completed an $85 million renovation of its main Oil Center facility, adding approximately 54 square feet to each room and modernizing patient care infrastructure. All 10 floors of the main hospital were renovated. A 2010 LPFA bond sale supported those improvements.

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