2005/12/05 Council Agenda Packet

facilities and infrastructure that otherwise wouldn't need to be changed. With a finite amount of available capital to invest in this project, every dollar spent on unnecessary expenses is a dollar no longer available to fund critical modernization and expansion of services. Providence Pacific Campus Functional obsolescence. Economically feasible expansion requires that the hospital build contiguous facilities connecting to its newest construction. Since only expansion zone is located eastward and its newest facilities are located on the west of the site, this would require demolition of significant building square footage in order to. begin the redevelopment process. This would require that the hospital expand its existing building at precisely the location where critical services are currently located—the ambulance entrance to the Emergency Department, main entrance, structure parking—making them obsolete as they now stand. Based upon complicated phasing requirements several services would have to be relocated twice to find a permanent home, which would require major renovation changes and an estimated millions of dollars in increased cost. Finally, significant funds have already been spent relocating the majority of all acute care service to the Colby Campus. Property Acquisition. Providence doesn't own enough property at the Pacific site to redevelop and park the required facilities. Even if the hospital were to pursue this option, there is no guarantee the hospital could eventually purchase all the property required to develop a 500 -bed medical center. Providence Everett would be required to purchase several blocks that would require the assembling of over 30+ individual properties. Delay. Since it would take a minimum of three years to purchase the property, it would delay the start of any expansion for- two to three years beyond when the hospital could begin if the hospital went forward with its plans to expand at Colby in an eastward direction. This would exacerbate an already precarious situation, as the hospital is already often at or near full capacity. The longer the hospital waits to expand, the more difficult it will be to meet the community's healthcare needs. Cost. Expanding onto the Pacific Campus property would significantly increase the cost in a number of areas. First, Providence would incur significant additional cost to purchase of dozens of separate properties. Second, it would require significant reconfiguration of existing facilities and duplicative moves in some cases. I With a finite amount of available capital to invest in this project, every dollar spent on unnecessary expenses is a dollar no longer available to fund critical modernization and expansion of services. Project Narrative Providence Everett Medical Center PAGE