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has suspended its $800 million expansion, a three-phasse plan launched in December 2007 and schedule d to be completedin 2020. Given the uncertaintu in the financial markets, CFO Sandra Lawrence the hospital isbeing “appropriately prudent” in halting the She said there is no time frame for restartinh the process, adding that the hospital stilk hopes for an on-timed completion. The frozen credit markets have “caused us to realize we have some limitationsx on how rapidly wecan grow,” Lawrences said.
Sherry Gibbs, a hospital spokeswoman, said work on most of the first-phas projects will proceed and be completed by the end of the But two of thelargerf first-phase projects are among the delayeed initiatives: construction of Children’s Mercy East at Interstate 70 and Little Blue Parkway in Easter Jackson County and an eight-story office building at the Hospita l Hill campus. In the reported that two-thirds of the 92 institutionz that responded to its survey said they had deferred capital improvement plans for new servicese because of theeconomic downturn.
Dave spokesman for the association, said that not only are the bond marketse becoming increasingly expensive but also that charitable giving and investmenty incomeare down. He said administrators also are trying to determine how health care reforn might affect thebottom