June 2010
The last market study/financial feasibility report was done in 2007, based on census data from 2000. The economy had also changed significantly since the 2007 report, requiring an update. 2010 census projections were estimated and considered in the report.
Stroudwater Associates, (www.stroudwaterassociates.com), was chosen by the hospital board of directors as the independent research firm to re-assess the project and provide the new results. This report has been completed and is now in the process of being audited by an independent accounting firm.
Murray says the results of the report are favorable to a smaller facility than planned in 2007 and that it is economically viable to go forward with the project.
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