Note: This article was originally published on our Facebook page on 10/4/15.
Veronica Escobar claims that the rent being charged to Children’s is for depreciation so that the tax payers won’t have to issue bonds later on to fix the building, repair it or upgrade it. The $152 million bond that was approved by the Commissioner’s Court without voter approval lists the following items that were specifically for UMC:
5th, 6th and 7th Floor Renovation – $23.3 M
OR Prep and Recovery – $1.4 M
Interventional Laboratory (I-Lab) – $4.4 M
Intermediate Care Unit (IMCU) – $8.2 M
Veronica Escobar in March of 2015 explaining the relationship between rent and depreciation and KVIA in September of 2015 talking about the rent that UMC pays itself: https://www.youtube.com/watch?v=aRg0ta7yGCA
Where is the depreciation/rent money? #watchyourmoneydisapear