Local Pols Rally to Save Long Island College Hospital
This afternoon local politicians joined nurses, caregivers and community members to rally in support of the Long Island College Hospital in Cobble Hill, part of the SUNY Downstate Medical Center. Though the hospital was just acquired by SUNY in 2011, it was recently threatened with closure. According to a press release out earlier today, “the…
This afternoon local politicians joined nurses, caregivers and community members to rally in support of the Long Island College Hospital in Cobble Hill, part of the SUNY Downstate Medical Center. Though the hospital was just acquired by SUNY in 2011, it was recently threatened with closure. According to a press release out earlier today, “the elected officials are arguing that the potential closure of any campus is unacceptable, and that SUNY must develop a stabilization plan that provides a long-term solution to preserve critical diversity in medical education, quality healthcare and good jobs for Brooklyn and the entire state.” Here’s a letter on the matter from Brooklyn’s congressional representatives and another letter signed by Borough President Markowitz. The hospital faces significant financial hardship and, as the Brooklyn Eagle pointed out, the property alone could fetch over $100 million in a sale. There is no projected date for when the hospital could close, but the SUNY board may vote on the matter in the near future.
Photo by Daniel Squadron
Alarms went off when I saw the name Carl McCall. Same guy? This is pretty obviously a real estate play. The idea that $100m is being floated as a price must have people salivating in board rooms. A single townhouse in this ‘hood goes for $5m and now you can get multiple buildings, some with harbor views, a huge garage, etc. I cannot find a good map or description of their physical plant but the price per sf off of $100m must be super low. For a super dense grandfathered building. Home run for a developer.