published Thursday, September 12th, 2013

Catoosa Commission tables proposed $35 million Hutcheson bailout

Hutcheson Medical Center
Hutcheson Medical Center
Photo by Doug Strickland /Chattanooga Times Free Press.

The Catoosa County Commission held off on a proposed $35 million bailout of Hutcheson Medical Center at a meeting this morning.

After meeting behind closed doors for about 40 minutes, commissioners came out and tabled a motion to issue $35 million in bond anticipation notes toward the Fort Oglethorpe hospital’s $60 million in debt.

Speaking to a standing-room-only audience, Chairman Keith Greene said the commissioners needed more information.

“We don’t take this decision lightly,” Greene said. “This is a big deal. There’s a lot of risk involved.”

The announcement got a smattering of applause from the anti-tax activists amongst the crowd comprised mostly of employees and supporters of the hospital, which is owned by Catoosa, Walker and Dade counties.

Read more in tomorrow’s print edition.

about Tim Omarzu...

Tim Omarzu covers Catoosa and Walker counties for the Times Free Press. Omarzu is a longtime journalist who has worked as a reporter and editor at daily and weekly newspapers in Michigan, Nevada and California. Stories he's covered include crime in blighted parts of metro Detroit and Reno, Nev.; environmental activists tree-sitting in California's Sierra Nevada foothills; attempts by the Michigan Militia to take over a township¹s government in northern Michigan. A native of Michigan, ...

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.