New Hospital Timeline

• WMMS announced in January 2004 its intention to move to a single-campus hospital, either at one of the existing hospitals or at a new facility
• WMHS Board approved plan to build new hospital on Willowbrook Road in September 2004
• Over 300 physicians and employees participated in Design Development phase beginning in late Fall 2004
• CON applied for in August 2005 and approved in March 2006 by Maryland Health Care Commission (MHCC)
• 275-bed 585,000 square feet replacement hospital
• Estimated total cost $359 million
• $228 in construction
• Plus equipment, A & E, interest during construction, debt service reserve, financing cost, refinance existing debt, etc.
• Acquired the former M & T Call Center for administrative space
• Purchased Kelly-Springfield Tire Company's former offices and tire testing center
• Partnered with Allegany County to renovate buildings for new home for Allegany County Health Department
• Exchanged property with Allegany County to gain ownership of new hospital site
• Barton Malow/Mascaro retained as Construction Manager
• Full architectural plans completed by Hord Coplan Macht in Spring 2006
• Price for construction materials started to rise dramatically
• Guaranteed maximum price received in Sept 2006 was $40 million over original estimates
• CON modified and approved by MHCC in Sept 2006
• New approved amount is $406 million
• $268 in construction costs
• Slight increase in related costs
• Bonds issued by Maryland Health and Higher Education Financing Authority
• Security for Bonds - Mortgage and Bond Insurance\
• Mortgage secured by HUD FHA 242 Program
• Groundbreaking for new hospital on October 25, 2006
• Completion Date: Fall 2009