RADCLIFF, Ky. (AP) — The town of Radcliff is exploring a new public-private partnership to expedite building a long-stalled regional VA Medical Center for potentially 80 percent less than the estimated cost.
The News-Enterprise (http://bit.ly/2oa6kZh ) reports retired surgeon and investor Bob Robbins is working with Radcliff Mayor Mike Weaver to build an investment team. The project would operate under the new private investment model authorized by Congress that has already been used to fund a VA facility in Omaha, Nebraska. Robbins cites the Golden Gate Bridge and the Transcontinental Railroad as public properties financed by private money. He says typical public construction takes longer because of lack of profit motivation and penalties.
The VA facility will be built on a 50-acre site provided free by the mayor.
Information from: The News-Enterprise, http://www.thenewsenterprise.com