Children's Hospital Boston has announced that they are building a new children's health center in Centennial Park. The facility (part renovation, part addition) will be 120,000 sq.ft and greatly expand the services that are currently offered by Children's Hospital's services currently offered inside the Lahey Clinic Peabody.
Here is the link to the Salem News story.
Overall, this is a wonderful thing for Peabody and the North Shore as a whole. I have heard some people lament that we are losing more prime City property to yet another TAX EXEMPT entity.
Well, that is true. And I think the City should be rather aggressive in establishing a hefty PILOT (Payment In Lieu Of Taxes) agreement with this well endowed hospital.
The City of Boston received a PILOT Fee of $602,656 last year from Children's Hospital. See this article and PILOT listing from the Jamaica Plain Gazette.
But even if we don't see a large PILOT payment, I still welcome this great addition to the booming medical services arena that Peabody-Salem-Danvers has become.
Farewell Dark City....
11 years ago
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