El Paso County Commissioners to vote on the issuance of Revenue Bonds to finance acquisition of former Legent Hospital facility

UPDATE: The commissioners today approved UMC going forward with the revenue bond to secure the new UMC surgical Hospital in East El Paso.

The $55 Million will be used to secure the purchase of the building, as well as equipment, personnel, CT scanners, everything that goes into outfitting a hospital.

UMC said no taxpayer money will be used to repay the bond. It said the money will come directly from UMC cash reserves as well as their operating revenue that they receive.

EL PASO, Texas (KVIA) -- El Paso County Commissioners will vote Monday on whether to issue $55,000,000 in Revenue Bonds, to finance the acquisition, renovation, and improvement of the former Legent Hospital facility.

Back in March, commissioners approved a proposal allowing the El Paso County Hospital District to buy the structure at 1416 George Dieter Driver for UMC’s use.

The plan is for the new hospital space to house half a dozen operating rooms and 40 private beds.