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Qoan 25 PasE990
attitude has been, Let's hurry up and get in on Iredell's
coat tails, because if we don't get it now, we're not going
to get it.
Ladies and gentlemen, what's the rush? Is this the
time to ask taxpayers to burden themselves with a potential
tax increase? And should we even ask them at this time
to run the risk with a terrible economy? Recent large federal
tax increases as well? Is the feasibility study truly
feasible?
Our needs in southern Iredell County are not at all
similar to Iredell Memorial's. We see three possibilities:
1. The present plan of renovation of Lowrance Hospital.
2. To build a new county -owned hospital in southern
Iredell County on the I-77 corridor.
3. To sell to a for-profit hospital corporation.
If a for-profit hospital corporation erected a new
structure, the advantates to the taxpayers are two:
1, There is no potential tax liability.
2. A for-profit hospital pays taxes,
Note here that one of the main differences that I see
personally, and quite frankly the rest of us see is, the
difference between a for-profit hospital is they call their
bottom line profit, and a not-for-profit calls their bottom
line "excess of revenue over expenses." Can a for-profit
hospital deliver good care at competitive cost? We really