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Saratoga Hospital seeks tax-exempt bonds for addition

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Saratoga Hospital has come to Saratoga County for help in securing $26.7 million in tax-exempt bonds to finance a new surgical wing. The hospital is seeking the backing of the Saratoga County Capital Resource Corporation, which was set up last year as a mechanism for financing community benefit projects for nonprofit organizations. The total cost is estimated at $35.6 million, with the hospital providing $8.9 million, and asking the county corporation to finance the balance. ...

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