Cancer center jumps hoops to issue bonds.
If community hospital executives think they have a tough time trying to issue tax-exempt debt these days, it could be worse. Case in point--the Fred Hutchinson Cancer Research Center in Seattle. The world-renowned center, which was seeking financing for replacement facilities, faced a tough sell after it found itself with a couple of strikes against it, namely a high reliance on federal grants and balking credit-rating agencies. But a long-awaited government exemption and letter-of-credit guarantees got the project going.
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D016026:Bone Marrow Transplantation; D002173:Cancer Care Facilities / Q000191:economics*; D005379:Financing, Construction; D006743:Hospital Bed Capacity, under 100; D007449:Investments; D012106:Research; D014861:Washington