Hornell Medical Village at St. James Hospital Medical

New Markets Tax Credit Coalition

Hornell,
NY
(2018)

Hornell Medical Village at St. James Hospital Medical

Community, Healthcare, Rural

The fit out and equipping of 17,000 square-feet of medical office space.

Investment

NMTC Amount: $8,000,000
Total Project Cost: $8,400,000

IMPACT

85 FTE jobs
219 construction jobs
69,451 patients served

CDEs

Empire State Development Corporation

Investor

Wells Fargo

Project Description

The Project involves the fit out and equipping of 17,000 square-feet of medical office space, in a portion of a medical office building that St. James Hospital is leasing from a private developer. The Project is located at 7100 Route 70A, a highly distressed area of Hornell, NY. Total Project cost is expected to be approximately $8,400,000. ESNMC proposes to make a suballocation of up to $8,000,000 in federal New Market Tax Credits (NMTC) to assist in the financing of the project. The remainder of the project costs is contributed by a contribution by St. James Hospital. The Project is expected to retain 73 jobs and create 12 new jobs.

MAP

Address: 7100 Route 70A, Hornell, NY 14843

Census Tract: 36101961000

PDF Profile

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