As Albemarle Hospital and Pasquotank County head toward a public hearing Tuesday on five proposals for a long-term partnership with the hospital, another official has expressed skepticism about two of the proposals that don’t specify lease information.
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64 million dollar question
The Hospital Authority/county is in debt to around 64 million for upgrades to the facilities and equipment. State law requires this debt has to be addressed. The going municipal interest rate for 20 year bond is 3 percent yearly. Do the math on the offers, it is not much of a choice.
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