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their new hospital.?
O.K. Let's look at my charts. If we go into these
bonds, they're either going to fail or they're going to
pass, one or the other. Now let's consider first if the
bonds fail. I know you can't see that back there, so
I'll interpret it for you. The first line says if the
bonds fail, Iredell County will not be in debt $60
million. The second line says Lowrance Hospital will
probably be sold, and a new hospital built by a for-profit
hospital outfit.
I have no business monkeying in Lowrance Hospital's
affairs, but that's probably what will happen, and I'm
honest enough to say it.
Now Iredell Memorial, says right here on this paper
that they left in your chair, that
they have $2 million now and by the end of two years,
they'll have $5 million. This would pay for a lot of what
they say they will need. My suggestion is we need to think
about taking that money and doing what they can with it
and every year as they earn more money, go on and do the
rest of it, but pay as you go, pay as you go,
O.K. This is my last chart. I think that's the
prettiest one. That says if the hospital bonds pass,
Iredell County will owe $60 million. You need to learn
to say that, $60 million. We have never owed that kind
of money here in Iredell County before. $60 million.
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