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NY Presbyterian Wants $50 Mil for Biomedical Project

WHITE PLAINS-New York Presbyterian Hospital is hoping to secure as much as $50 million in state funding for its proposed biomedical development project at its campus here.

By John Jordan | Updated on April 20, 2001

WHITE PLAINS-A key official with New York Presbyterian Hospital told a gathering of the Westchester County Board of Realtors’ Commercial Investment Division on Thursday that the hospital is hoping to work in partnership with Westchester County to create a biotechnology cluster along the I-287 corridor. Connie Hildesley, vice president of real estate for New York Presbyterian Hospital, said that its project, which is now before the White Plains City Council for approval, would cost $200 million to develop and would create 950 new jobs on its 214-acre campus.

When asked what level of funding the hospital is seeking from New York State, Hildesley responded, “We’re looking for about 25%” (approximately $50 million). She later offered no comment to a query on whether the hospital would pursue the biotech venture without state assistance. However, she did describe state aid as “critical” to the proposal.

Westchester County Health Care Corp., the operating entity of Westchester Medical Center, is also seeking state funding support for a biotechnology development of between 300,000 sf to 500,000 sf on 60 acres of vacant land at its Grasslands campus. That project has received the support from Westchester County Executive Andrew Spano.

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