TIF Will Support Improvements to Swedish Covenant Hospital
An $18.4 million modernization project at Swedish Covenant Hospital in Lincoln Square will be supported with $4.6 million in Tax Increment Financing (TIF) under a plan approved today by City Council.
The work will include $10.4 million in emergency room upgrades at 2739 W. Foster Ave. and $8 million construction of the Mayora Rosenberg Women’s Health Center within the hospital’s Galter Medical Pavilion at 5140 N. California Ave
The emergency room work will involve improvements to 27 trauma and examinations rooms, the pharmacy, nurse’s station, waiting area and mechanical systems. The project will be completed by spring 2016.
The women’s health center build-out will involve the creation of facilities for female patients and an all-female medical staff. The 16,800-sqaure-foot project is expected to be completed later this year.
More than 200 temporary construction jobs are projected to be generated by the improvements,along with 30 permanent jobs involving medical staff.
Founded in 1886, Swedish Covenant Hospital is a comprehensive healthcare facility that serves Chicago’s North Side.
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