Work has temporarily stopped on the West Maui Hospital and Medical Center while it awaits construction permits and obtains $83 million in federal, tax-free bonds, according to an article on The Maui News website.
The long-awaited hospital development in Kaanapali already has approval for a $50 million special purpose revenue bond from the state Legislature for construction.
However, because of Hawaii’s high development costs, hospital developer West Maui Hospital Foundation is seeking funding for remaining costs through a privately funded bond with the Wisconsin Public Finance Authority.
The developer said he believed the delays are due to “the political aspects of healthcare” and that a small, private “grass-roots” group is under “far more scrutiny than a larger entity.”
See the latest posts on our homepage