City Gives CNU Approval to Seek $900M In Tax-exempt bonds
A Public Hearing was held on 8/21/19 regarding the allowance of CNU to seek up to $900M in tax-exempt bonds to fund their proposed medical complex. In spite of several presentations from the public proving that CNU's newly resurrected non-profit organization has no track record of success for managing such a large amount of money, the City approved CNU's request, though Vice-Mayor Hume had some stern words for CNU during deliberation.
NEST's official statement regarding the hearing: "While we think it would have been more prudent to wait until the project matured, it was encouraging to hear Vice-Mayor Hume caution his peers on the council and give a stern warning to CNU about exhausting their political capital. It would appear the vice-mayor is well aware of the potential for failure that CNU faces as they try to acquire tax-exempt bonds, while hiding under the skirt of a 3-week old nonprofit corporation with less than $5,000 in revenues and zero dollars in assets."
11/16 Meeting with District 1 Councilman
At the 11/6 meeting with District 1 Councilman, Darren Suen, community members had the opportunity to ask questions and express their thoughts about the CNU Medical Complex proposal. Though the topic was a hot button issue for all in attendance, for the most part, it was a respectful, intelligent and productive dialogue.
From the Elk Grove Citizen
The Elk Grove Citizen recently published a story, recapping the discussion between citizens of West Elk Grove and their District 1 Councilman, Darren Suen. Read it here.
From ElkGroveNews.net
Read a summary of the 11/16 meeting and listen to the audio of the entire event, published by ElkGroveNews.net, here.
ElkGroveNews.Net Talks With Dreaming Dog Brewery Co-owner
ElkGroveNews.Net shares an interview with one of the co-owners of Dreaming Dog Brewery in Stonelake Landing. It appears that California Northstate University has successfully torn a huge swatch from the fabric of the Stonelake community in Elk Grove, while destroying two retirees' labor of love.
David and Liz, you're both a class act and will be sorely missed but we absolutely understand your decision and wish you the best.
Darrell Doan Emails Prove City's involvement In CNU Project
Economic Development Director's Emails Display City's Support for CNU Project and for "Bio District"
Preview From Elk Grove News.Net Article:
Although the back story of the $750 million hospital proposed in Elk Grove has been cloaked in semi-secrecy, as public documents are released some questions are being answered. However, the records are raising as many questions as being answered.
One of the early questions is what role does the city’s economic development director Darrell Doan have in the facility under pursuit by Elk Grove-based California Northstate University (NCU). Early indications from a review of the documents suggest Doan has been regularly corresponding with Dr. Alvin Cheung, NCU’s president and chief executive officer for some time.
Dignity Announces Hospital Progress aT Community Event
A recent article in the Elk Grove Citizen reports on Dignity Health's unveiling of new plans to move forward in building Elk Grove's first state-of-the-art hospital. Hospital President, Phyllis Baltz, clearly explains the realistic process and timeline, which is something CNU has neglected to do. Will the City of Elk Grove follow through on their commitment to equitably promote Dignity (vs. CNU) "as their plans develop"? We'll see!
Read Lance Armstrong's informative article here.