A $57.5 million loan from the U.S. Department of Agriculture will help Prosser Memorial Health build a new $78 million hospital complex this year.
The USDA loan means the hospital will not bring a levy or bond to taxpayers to help fund this project, Prosser Memorial officials said Monday. All financing will come from the USDA loan, Prosser Memorial Health, and the Prosser Memorial Health Foundation.
The new hospital complex is planned on 33 acres north of Interstate 82, with groundbreaking expected this spring, officials said. The USDA loan will offset much of the cost and Prosser Memorial Health Foundation will continue its capital campaign to raise $2 million for the new hospital project.
