Montgomery County Approves $14M Bond for Blood Center

Montgomery County commissioners are set to approve $14 million in economic development revenue bonds this Thursday. The proposed project is slated for 711 East Monument Street, a location that is part of the former TechTown campus. While specific details remain undisclosed, sources indicate the Versiti Community Blood Center is involved.

State law permits the county to issue debt for projects benefiting residents, including facilities like blood banks and hospitals. Budget Director John Parks noted that while this is a substantial amount, the county has sponsored larger bond issuances in the past. Versiti, which currently operates from South Main Street and supports over 30 hospitals in more than 18 counties, has declined to comment on the specifics of any potential expansion or relocation.

The blood center collects approximately 300 units of blood daily, focusing on life-saving donations. The county's planned action strongly suggests Versiti will either expand its current operations or move some functions to the new site. This initiative reflects the county's commitment to being business-friendly and supporting critical services within the community.