News broke recently that St. Vincent's Hospital wasted over $25 million paying the people in charge of bankrupting the 160 year old institution instead of simply running a hospital.
In fact, according to a Crain's New York Business, St. Vincent's paid its representatives $8 million to secure a $7 million loan from the state pre-bankruptcy and then almost immediately filed bankruptcy so it didn't have to pay any of it back.
Recently, the Rudin Organization proposed a plan to turn the hospital campus into luxury condominiums. Only a small portion of one of the eight buildings would include a "stand alone" emergency room - a far cry from the hospital our community needs. This scheme violates the obligation to continue St. Vincent's charitable mission. Further, there are serious risks associated with such a facility, which would be the fist of its kind allowed in New York State.
A hospital, properly run, would bring revenues into the state and create thousands of much needed jobs. Yet despite all this, and our community's clear need of a hospital, the same bankruptcy court that allowed the scandalous payouts to St. Vincent's executives and consultants, has given the Rudin's the green light to proceed.
Thankfully there are mechanisms in place for accountability, and many hurdles yet between The Rudin Organization and their condos. The Coalition for a New Village Hospital will be at every one of these steps, demanding a hospital.
In the next step in this process, the Rudin plan must go before our New York State Attorney General Eric T. Schneiderman. Luckily, Eric Schneiderman has made very clear that he supports our community's efforts for a hospital.
But he will not act if we do not ask him to. Please take a moment and sign this petition calling on our Attorney General to stop this sale and ensure safe and adequate public health for the people of the Lower West Side of Manhattan.