Phoenix Childrens Hospital

New Markets Tax Credit Coalition

Phoenix,
AZ
(2014)

Phoenix Childrens Hospital

Children's Hospital, Community, Daycare and Early Childhood, Healthcare, Hospitals and Emergency Services, Youth and Families

This project built out the 45,000 sq. ft. of the vacant 9th floor of the hospital by adding 48 private rooms including equipment and furnishings for the pediatric acute care population.

Investment

NMTC Amount: $12,500,000
Total Project Cost: $14,000,000

IMPACT

90 FTE jobs
50 construction jobs
45,000 patients served
45,000 sq. ft. of real estate

CDEs

Phoenix Community Development and Investment Corporation

Investor

US Bank

Project Description

This project built out the 45,000 sq. ft. of the vacant 9th floor of the hospital by adding 48 private rooms including equipment and furnishings for the pediatric acute care population. Construction on this $15.7 million project commenced in January of 2014 and was completed in November 2015. This project created 90 full-time equivalent positions with an average wage of about $65,500 and up to 50 construction jobs.