Saratoga Hospital has bought land on Morgan Street from D.A. Collins Companies to ensure that the last undeveloped parcel bordering hospital-owned property can be used to expand healthcare services.
\nThe under-market purchase price of $3.15 million reflects the Collins family\u2019s support of the hospital.
\n\u201cEver since we decided to sell the property, we hoped it would go to Saratoga Hospital,\u201d David Collins said. \u201cWe believe in the work of the hospital and its essential, unique role in ensuring the health of Saratoga. Given the location of the property, healthcare is clearly the best use, and for a variety of business reasons, now is the right time to close the deal.\u201d
\nSaratoga Hospital has long been interested in the parcel as a natural, strategic option for much-needed expansion to keep pace with one of the fastest-growing counties in New York State. A proposed zoning change\u2014part of a multiyear effort to align the city\u2019s zoning map and comprehensive plan as required by state law\u2014would enable medical office use on the property.
\n\u201cD.A. Collins has been more than patient, and it is unreasonable for us to expect them to delay the sale and forgo potential business opportunities any longer,\u201d said Theresa Skaine, chairperson, Saratoga Hospital Board of Trustees. \u201cAt the same time, we simply could not take the risk that the last piece of land within walking distance of the hospital would be lost to us\u2014and this community\u2014forever.\u201d
\nShe described the purchase as \u201canother smart, targeted investment in the future of healthcare in the Saratoga region. Whether we\u2019re talking about technology, facilities or programs, patient care is the determining factor behind every dollar we spend and every decision we make,\u201d Skaine said.
\nThe hospital wants to develop the land on Morgan Street for a medical office center where physicians could more easily collaborate on patient care and, in an emergency, could get to the hospital within minutes. Aside from that project, currently there are no other plans for the site.
\nA small group of residents in the mixed-use neighborhood surrounding the hospital opposes the medical office plans and is fighting the rezoning proposal. In recent months, both the Saratoga County and Saratoga Springs planning boards have issued positive advisory opinions related to the zoning change, which was recommended by the city\u2019s Comprehensive Plan Committee.
\nIn all three deliberations, there were no dissenting votes. The proposal now rests with the Saratoga Springs City Council.
\n\u201cWe realize that the final decision on the zoning has not been made, but we could not pass on this opportunity,\u201d Saratoga Hospital President and CEO Angelo Calbone said. \u201cIt\u2019s not unusual for organizations to buy land in anticipation of future needs, especially if the property is strategically located.
\n\u201cOur hope is that, ultimately, we will have a medical office center on this land,\u201d he added. \u201cWe are absolutely convinced that providing healthcare services at this location is the best way to serve our community now and for the long term.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Saratoga Hospital has bought land on Morgan Street from D.A. Collins Companies to ensure that the last undeveloped parcel bordering hospital-owned property can be used to expand healthcare services. The under-market purchase price of $3.15 million reflects the Collins family\u2019s support of the hospital. \u201cEver since we decided to sell the property, we hoped it […]<\/p>\n","protected":false},"author":196,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-33635","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\r\n