Bond issue approved for Waynesboro medical office building

By Marcus Rauhut

mrauhut@publicopinionnews.com @MarcusRauhutPO on Twitter

Work continues Thursday on the new medical office building adjacent to Waynesboro Hospital. The Franklin County Industrial Develpoment Authority approved a bond issue to finance the project. (Marcus Rauhut Public Opinion)

WAYNESBORO >> The Franklin County Industrial Development Authority approved a bond issue to finance Waynesboro Hospital's new medical office building.

The authority on Thursday authorized the sale of as much as $15 million in bonds to pay for the new building, which is currently under construction next to Waynesboro Hospital.

Summit Health CFO Kim Rzomp said interest rates are extraordinarily competitive and Summit is very happy with bids it has received for the bonds from regional banks.

The authority on Thursday also authorized issuing up to $28 million in bonds to refinance a previous bond issue.

The 2009 bond issue was used to either finance or refinance Chambersburg Hospital's emergency room expansion, construction and equipment at the Cancer Treatment Center, Mercersburg Health Center and Summit Health Center, as well as the architecture, engineering and preliminary construction costs related to the bed tower expansion at Chambersburg Hospital.

Waynesboro Hospital broke ground earlier this month for the $15 million medical office building, which is scheduled to be completed by summer 2015.

The three-story, 50,000-square-foot building includes office space for multiple Summit Health specialty practices, a family practice and a walk-in care center.

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Bond issue approved for Waynesboro medical office building