QUICK FACTS


Location:
Off I-79 at Exit 124/Jerry Dove Drive in Bridgeport

Beds:
289 private inpatient rooms and 24 observation rooms

Total Square Feet:
681,440 square foot, eight-level structure
(UHC currently has 440,000 square feet)

Parking:
2,570 spaces (up from 1,376 at the present site)

Services:
• Acute beds in critical care, telemetry, medical, surgical, obstetrics, pediatrics
• Sub-acute beds in transitional care and behavioral
health
• Inpatient and outpatient diagnostic and treatment services
• Other services including nationally accredited comprehensive community cancer center, emergency department, invasive cardiology

Key Features:
Environment designed with the patient, family, staff and community in mind; enhanced patient privacy; a high level of technology integration; improved access

Jobs:
Construction phase – Ranging from 50 to more than 600 workers on site when construction is at its peak. UHC has signed a Project Labor Agreement with the North Central West Virginia Building and Construction Trades Council to supply craftsmen for the project.

2010 - Addition of at least 60 full time positions to coincide with the opening

Project Cost:
$278 million

Cost Breakdown:
Facility and Design - $206,632,000
Equipment and Moving - $47,830,000
Bond Insurance and Financing Costs - $8,014,000
Construction Period Interest Expense - $13,581,000
Inspections, Permits, Insurance and Other - $2,005,000

Financing Information:
he new hospital project will be financed primarily by the issuance of approximately $233 million of tax exempt bonds. The issued bonds will be insured and will include a combination of fixed rate and variable rate issues maturing in various amounts and periods up to 35 years. In addition to the above financing, UHC will also contribute approximately $45 million of accumulated reserves that have been restricted for capital improvements.

Timeline:
2006: Site work begins
2007: Building construction begins
2010: opens

Project Architect:
Gresham, Smith and Partners, Nashville, Tenn.

Civil Engineering Design:
Hornor Brothers Engineers, Clarksburg, W.Va.

Construction Management:
Balfour Beatty, Nashville, Tenn.

Bond Insurance:
AMBAC

Investment Banker/ Underwriter:
UBS Investment Bank
Ferris, Baker Watts, Inc.

Financial Advisors:
Shattuck Hammond Partners
Ernst & Young

Legal Advisors:
Steptoe & Johnson, PLLC
Spilman Thomas Battle, PLLC