NAR: GOP Tax Reform Bill Clears House with Key Real Estate Provisions
The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
The project, which will cost an estimated $750 million, will be financed through a combination of a $500-million Dormitory Authority of the State of New York bond, philanthropy and equity from operating expenses.
WHITE PLAINS—City and county officials joined White Plains Hospital and Montefiore executives to take part in a groundbreaking ceremony on May 5th for the hospital’s latest 500,000-square-foot expansion project that when completed will nearly double the size of the existing facility on East Post Road here.
The $750-million project will double the existing hospital’s emergency department and nearly double the facility’s inpatient beds when it opens in 2028. Among the dignitaries on hand for the ceremony included Montefiore Medicine President and CEO Dr. Philip Ozuah, Westchester County Executive Ken Jenkins and White Plains Mayor Tom Roach, along with more than 100 community members and employees.
“Today is a very exciting day in the history of White Plains Hospital,” said Susan Fox, White Plains Hospital president and CEO. “We are not just breaking ground on a new building, we are laying the foundation for a future hospital that will ensure we will continue to provide the highest-quality care for generations to come.”
Features of the new 10-story building, which will connect with the existing hospital on the main floor, Emergency Department and Operating Room levels, include:
Over the past decade, White Plains Hospital has added and expanded its advanced care offerings including comprehensive cancer care, advanced cardiac services, and life-saving neurosciences.
“Demand for our services continues to grow, which is why this Expansion is so important,” said William S. Null, chairman of White Plains Hospital’s Board of Directors. Since 2015, the hospital’s inpatient volume has grown by 50%, Emergency Department volume by 80% and operating room volume by more than 80%.
“As the tertiary hub of care for the Montefiore Health System in the Hudson Valley for the past 10 years, we have successfully added and expanded advanced programs and services here, so our neighbors do not need to travel to receive high-quality care,” Fox added. “Together with our partners from Montefiore, we have changed healthcare in Westchester and the Hudson Valley—and today we are changing the skyline along East Post Road.”
The designer of the White Plains Hospital expansion project is architectural firm Payette, and Suffolk Construction is serving as the construction manager. The project, which will cost an estimated $750 million, will be financed through a combination of a $500-million Dormitory Authority of the State of New York bond, philanthropy and equity from operating expenses. Suffolk Construction has signed a Project Labor Agreement with the Building and Construction Trades Council of Westchester & Putnam Counties, Inc.
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