New Markets Tax Credit Coalition

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Phoenix Childrens Hospital

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

Investor

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.

MAP

Address: 1919 East Thomas Road, Phoenix, AZ 85016

Census Tract: 4013111602

PDF Profile

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