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Sale of St. Vincent's Hospital Approved by Federal Judge

Thursday, April 07, 2011

A federal bankruptcy judge has approved the sale of St Vincent's Hospital to a Manhattan developer.

The Rudin company will purchase the Greenwich Village complex for $260 million to create between 250 and 300 apartments in several buildings — some that exist and will be renovated and some that are yet to be constructed.

Rudin will donate the prominent white O'Toole Building on West 12th Street to North Shore-LIJ, which will invest $110 million to convert it into the state's first free-standing emergency room.

North Shore said the facility will serve tens of thousands of patients a year — but the new ER won't have inpatient beds, so it won't be able to serve the most serious emergencies.

Judge Cecelia Morris rejected an 11th-hour attempt by community members to prevent the sale. They said the proposed ER wouldn't adequately replace the full-service trauma center that was St. Vincent's.

Opponents are weighing an appeal.

Closing on the sale will take place in September, but Rudin and North Shore will need approvals from the city and state to proceed with their proposed apartment buildings and medical facilities.

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Comments [5]

BrodskyOrg from NY, NY

Hooray for The Village! Not only are we getting our much needed emergency room back, but we are also geting more usable downtown <a href="http://brodskyorg.com/rentals.htm">Manhattan apartments</a>, which is never a bad thing.

Apr. 13 2011 11:47 AM
g. s. from nyc

Why Are They Closing St. Vincent's Hospital? (Pt. 11) - Community Board 2 - St. Vincent's Committee http://vimeo.com/17314763

‎6/14/10 - This clip features Eileen Dunn, former head of SVH Nurses Union, confronting an official from North Shore-Long Island Jewish Health System, until he eventually concedes that rather than the proposed urgent care center, the area is in need of a full-fledged hospital.

Apr. 08 2011 01:32 PM
g. s. from nyc

Why Are They Closing St. Vincent's Hospital? (Pt. 11) - Community Board 2 - St. Vincent's Committee http://vimeo.com/17314763

‎6/14/10 - This clip features Eileen Dunn, former head of SVH Nurses Union, confronting an official from North Shore-Long Island Jewish Health System, until he eventually concedes that rather than the proposed urgent care center, the area is in need of a full-fledged hospital.

Apr. 08 2011 01:31 PM
Jonathan Slaff from New York City

A group has recently appeared that is working with a major investor and a major hospital system to establish a better option: a new, full-service hospital at the site with an Emergency Room, a Level 1 Trauma Center and 200 beds. They requested an extension of time to consolidate their plans and demonstrate that there is a real alternative to the Rudin deal. By denying this request, the judge did a great disservice to the community and the City at large. Her decision is irresponsible and I hope it will be overturned upon appeal.

Apr. 08 2011 08:22 AM
mariohorton77 from oakpark


Get numerous free no obligation quotes as well as loan repayment terms and conditions provided by different lenders and compare them by using a mortgage loan calculator online websites like "123 Mortgage Refinance" helps you to get free quotes with out SSN

Apr. 08 2011 02:22 AM

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