This will represent the second major expansion of the hospital in recent years. Denver Health began a 110-bed expansion in 2001 by borrowing about $142 million from private sources; that expansion is expected to be completed this summer. Denver Health's mission is to care for the area's indigent and uninsured, and proponents of the bond issue pointed to large recent increases in demand for the hospital's services—because of the weak economy—as justification for further expansion.
The bonds, on average, will raise homeowner's property taxes by $33 per year for about 15 years.
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