St. Elizabeth Gets OK from Edgewood on Bonds for Cancer Center
Edgewood city council gave the OK to the issuance of $75 million in bonds for the Cancer Center to be operated by St. Elizabeth Healthcare. The center is already under construction.
St. Elizabeth Chief Financial Officer Lori Ritchey-Baldwin said that while Edgewood is sponsoring the bonds, the city is not liable for them. Ritchey-Baldwin said that St. Elizabeth will use the bond issuance to fund part of a tax-exempt venture for the cancer center and the adjoining parking garage, which is being built.
There will be 650 employees at the new center, many new to the area, Ritchey-Baldwin said.
Meanwhile, Mayor John Link said that Kenton County Judge/Executive Kris Knochelmann awarded the city a plaque after Edgewood was named the most livable city in Kentucky, and the seventeenth-most livable in the nation.
State Rep. Diane St. Onge (R-Ft. Wright) also presented a citation on the designations.
Link credited the city's leadership, its community members, and businesses like St. Elizabeth, along with the parks and other city amenities for Edgewood's high rankings.
The city will also seek an opinion on how to proceed in addressing standing water at the soccer field at Freedom Park.
Councilman Ben Barlage noted that residents have called with concerns about the matter.