CentraCare is the city’s largest employer, and St. Cloud officials told KNSI the bond would benefit both the city and the health system.
The bonds would be used to refinance more than $113 million in existing debt issued in 2014, purchase equipment and other operational needs and fund expansion projects at CentraCare Plaza and CentraCare Sauk Crossing in Sartell (Minn.).
The expansion will include an ASC and an updated physical rehabilitation. The new developments will total around $229 million. The public hearing will be held Sept. 9.
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