Tuesday, October 11, 2011
County Supervisor said legislation signed by governor will make it easier for Doctors Medical Center to refinance $2 million in annual debt.
- GOVERNMENT
- Rob Shea
-
Tuesday, October 11, 2011
County Supervisor John Gioia said Tuesday that new legislation signed on Sunday is a key but relatively small component in the multi-tiered effort to save Doctors Medical Center from closure. Sponsored by state Sen. Loni Hancock (D-Oakland), the bill will make it easier for the hospital to seek better refinancing terms to pay off an existing $2 million payment in annual debt, Gioia said. Although it contained no specific financing source, the bill would protect creditors from losing their investment if the hospital goes bankrupt, he said. "It opens the door for us to refinance at a good rate," the supervisor said. He compared the bill to one piece of a financial puzzle that needs to be assembled to keep the troubled medical center open. "…
Monday, August 15, 2011
November ballot measure would help prevent closure of troubled facility.
- GOVERNMENT
- Rob Shea
-
Monday, August 15, 2011
For at least a couple of decades, the San Pablo hospital that serves the poorest of West Contra Costa's residents has struggled financially. Formerly Brookside Hospital, the Doctors Medical Center, which emerged from bankruptcy in 2008, again faces closure. This time it is due largely to a massive state budget cut. The California Medical Assistance Commission, which distributes money to financially struggling medical facilities, cut the annual subsidy for Doctors from $12 million last fiscal year to $1.2 million in the current year. "That very act put us in 90-day closure," Eric Zell, vice-chair of the West Contra Costa Healthcare District. "We will likely have a public health crisis" if Doctors closes, he said. So last week the governing…
37.95403
-122.33743
2000 Vale Rd, San Pablo, CA
/articles/new-parcel-tax-proposed-for-doctors-medical-center
/locations/5108850
37.93682
-122.36093
901 Nevin Ave, Richmond, CA
/articles/new-parcel-tax-proposed-for-doctors-medical-center
/locations/5108851
Wednesday, November 3, 2010
Despite garnering 60 percent yes votes, measure to reduce class sizes doesn't pass.
While more than 60 percent of West Contra Costa voters favored a parcel tax to help fund schools, Measure M didn't garner the two-thirds support it needed to pass Tuesday. Measure M would have taxed residents $7.20 per square foot of property, or about $108 a year for a 1,500-square-foot building, regardless of whether the property is zoned residential or commercial (owners of vacant properties would have paid only $7.20 a year). Properties that were already exempt wouldn't have been charged, and homeowners over the age of 65 would have been exempt. The measure would have dedicated funding for "manageable class size" in core academics, like math and science, as well as put money back into arts and music programs, attraction and retention…
Susan D.Keeffe
1:16 am on Saturday, October 15, 2011
David, Really! I didn't know that about you! That must have been right before you switched to Kaiser? Anyway, the district got a trustee with their bail out loan. He actually did run the place for a few years. Now the Trustee is primarily the watch dog providing oversight and final budget authority. If they get the loan paid off the trustee goes away. It might not be a bad idea to have some sort … more ›