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EvergreenHealth Public Hospital
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The proposed North Tower will have 12 floors: 2 underground parking, 1 underground mixed-use, 2 above ground facility and ancillary, 7 inpatient care floors (3 will be left vacant.)
At the EvergreenHealth Commission's May retreat, the V.P. of Operations reviewed the proposed Master Facility Plan projects, including a 12-story North Tower expansion with 255,000 square feet and adding another level of parking to the Central Parking Garage. He also reviewed the bed capacity status and current shortage.The proposed North Tower would have:
- two underground parking floors
- 1 mixed-use underground floor
- 2 above ground support and ancillary care floors
- 7 floors of inpatient care
- expanding capacity and modernizing surgical services,
- address community health needs for behavioral health services (how?)
- increasing seismic resilience
- improving Emergency Department capacity,
- and improving energy efficiency and environmental stewardship
The V.P. of Operations noted that they are in one of the better places in the greater Seattle
area to serve the public in the event of a large seismic event and
we may be one of few facilities operational.
He stated, " the anticipated UTGO Bond amount is approx.
$798,500,000, and would include a new North Tower. We would plan to buildout 6 of the 9 floors in the new North Tower to start and keep the remaining 3 floors for future expansion as needs arise or change. The levers used to achieve break-even Net Income over the 10-year proforma period were labor and overhead."
It was noted the UTGO BOND would equate to a tax rate of $.13 per $1,000 of assessed value (or $156.24 incremental tax increase per year for a $1.2M home in Kirkland, which is the 2023 median assessed home value). (However, 2024 King County appraisals for homes are reduced by ~ 20% from 2023. Thus, the hospital commissioners will probably launch the bond measure in 2024.)
Additionally, it was noted that the public hospital district taxes are 2.1% of the entire King County levy.
PUBLIC COMMENT: Paul Hess, Kenmore resident, asked if EvergreenHealth has implemented lean organizational strategies, noting that it will help close the gap. Additionally, he spoke about the Foundation, how their staff report to EvergreenHealth, and hopes that no Foundation funding will be used for a UTGO Bond. He also spoke critically about how he and other District residents pay taxes to fund the hospital but don’t use the services, while others who don’t pay taxes to fund the hospital use the services.
SOURCES:
posted by Bob Yoder, 9/2/2023