This post is reprinted with permission of the Taxpayers Channel in Greenwood.
Today, the city council heard from Tray Hairston, a financing attorney from Butler Snow.
Mr. Hairston came to explain the way that the city could finance the $4.5 million that it has to pay in order to repair the hospital, and to pay off the multi-million dollar short term loan to the hospital from Medicare.
GLH is practically broke, and may well have to shut down completely by the end of November. The city and county have been negotiating with UMMC for a friendly takeover, but several "deal breakers" have arisen. Now UMMC is demanding that the city and county pay for $9.1 million in repairs and Medicare loan repayments, since UMMC isn't responsible for them.
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