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St. Vincent's Closure Takes Redevelopment Plan Off the Table

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The financial woes facing St. Vincent's Hospital finally led the hospital's board to vote last night to close it down. Despite some talk of a takeover by a rival medical group, St. Vincent's failed to find a partner in time, and the shut-down process is already underway. The hospital may become an urgent care center with some specialized outpatient services, but whether or not that happens, it looks like the $1.6 billion Greenwich Village-enraging redevelopment plan is no longer on the table, and the O'Toole Building won't be getting that tear-down. But! According to the Times, "To satisfy its creditors, the hospital may sell or lease much of its valuable Greenwich Village real estate." So the anti-St. Vincent's crowd might not have dodged that bullet.
· St. Vincent's Votes to Shut Hospital in Manhattan [NYT]
· St. Vincent's coverage [Curbed]