Financial analysis could be ready

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The Memorial Hospital board of trustees will soon hear a presentation on information deemed all-important in building a new health care facility in Craig.

Financing has been one of the hospital's biggest question marks in trying to build a new facility. In August, the board moved forward with conducting a financial analysis.

Chief executive officer George Rohrich said the presentation on "how much we can borrow, how much we can afford," could take place during the board's monthly meeting, scheduled for 7 p.m. Wednesday inside the Platinum Conference Room at the hospital.

"That's it," Rohrich said. "That (information) is the whole ball game."

Should information from the analysis not be available in time for Wednesday's meeting, the board would hear the presentation at its January meeting.

"At the very latest," Rohrich said.

Earlier this year, the hospital moved a step closer to a new facility by signing an agreement with Colorado Northwestern Community College for 15 acres of college land west of the Shadow Mountain Village. The ground is the prospective site for the new facility.

The agreement between the hospital and college recognized that a new hospital is "in the best interests of their respective constituencies," and established roles and financial responsibilities for each.

Rohrich called the deal "significant." He added that another agreement, signed at Monday's CNCC board of controllers meeting, completes the agreement. The deal Monday, a memo of understanding between the college, hospital and landowner Arthur Dubbs, established easements and right-of-way for a sliver of ground between the hospital site and U.S. Highway 40.

"This was absolutely necessary," Rohrich said. "This was the final piece of the puzzle, and now the puzzle is complete."


Joshua Roberts can be reached at 824-7031, ext. 210, or jroberts@craigdailypress.com.

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