$474.7
Million for New
Hospital
|
Architectural
aerial rendering
of the new medical
center, viewed
from
north-northwest,
reveals the CBD,
Louisiana
Superdome and
Mississippi River
in the background. |
The State of Louisiana
has just been awarded
$474.7 million by a
federal arbitration panel
for damages to Charity
Hospital caused by
Hurricane Katrina. The
announcement was made by
Dr. Larry Hollier,
Chancellor of the LSU
Health Sciences Center.
The decision ends a
multi-year dispute between
state and federal
authorities.
|
Daytime
rendering of the
medical center
from the same
direction at
street level. |
Prior to the arbitration,
the Federal Emergency
Management Agency pegged
the damage at $124 million
and offered to settle for
$150 million. The State of
Louisiana and the LSU
Health Sciences Center
said the damage amounted
to $492 million. The
binding arbitration
decision is a major
victory for the state.
The funding clears a
major hurdle in the
planned construction of a
424-bed, $1.2 billion
teaching hospital in lower
Mid-City next to a new
hospital for the Veterans
Administration. The
overall project is called
the LSU University
Academic Medical Center.
Governor Bobby Jindal
previously said
construction could
possibly begin later this
year.
|