Emory University says it is suspending a $1.5 billion medical expansion project because of the uncertainty about the economy. School officials say construction has yet to begin on the projects, including a new hospital on Clifton Road.
The chief executive officer of Emory Healthcare, John Fox, says the suspension likely will last through 2009. Fox says Emory is not in a bad financial situation, but it has to take steps to make sure it doesn't get there.
Emory's plans also included a large outpatient clinic on its main Clifton Road campus, plus a medical tower on West Peachtree Street that would have hospital beds along with outpatient clinic space.
Information from: The Atlanta Journal-Constitution,
http://www.ajc.com
(AP)
Tuesday, March 10, 2009
Emory Says Suspending $1.9B Expansion
