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Palm Coast Approves $31M Rehab Hospital

Summary

  • City approved sale of 8.5 acres for $31 million inpatient rehab hospital.
  • Facility to create over 100 full-time jobs with $75,000 average salary.
  • Construction to generate $45 million in economic activity for Palm Coast.
Palm Coast Approves $31M Rehab Hospital

Palm Coast City Council recently approved the sale of approximately 8.5 acres of city-owned property to Sanders Trust LLC, advancing plans for a $31 million inpatient rehabilitation hospital. This facility is anticipated to significantly boost the local economy and enhance medical services available to residents.

The proposed 36-bed hospital will be operated by ClearSky Health and is expected to create over 100 full-time professional jobs, offering an average annual salary of approximately $75,000. Construction alone is projected to generate an estimated $45 million in economic activity.

Once operational, the hospital is expected to yield about $310,000 annually in ad valorem revenue for the State Road 100 Community Redevelopment Agency. This revenue will be reinvested into projects and improvements within the agency, further supporting the ongoing redevelopment efforts that began in 2004.

This project transforms previously blighted property into a significant private investment, according to John Zobler, Palm Coast's Community Development Director. The hospital will enhance specialized healthcare access and generate revenue to support continued improvements in the State Road 100 corridor. ClearSky Health specializes in recovery care for various conditions and operates multiple facilities nationwide.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

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Property Code: 5571