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October 8, 2019

YNHH project: Thanks a billion

IMAGE | Courtesy Yale New Haven Health Billion-dollar baby: Artist’s rendering of planned Yale New Haven Health neuroscience center.
By Michael C. Bingham

When Yale New Haven Health in April announced plans to establish a new state-of-the-art neuroscience center on the campus of the former Hospital of St. Raphael, the price tag was a number guaranteed to stimulate the neurons: $838 million.

Now you can add a digit, as the economic benefit is expected to surpass the cost, hospital officials say.

On Monday YNHH announced the results of a study to calculate the economic impact the project is expected to generate for the city and the state — in excess of $1 billion.

“The new neuroscience center is clearly going to be a win-win situation,” said Marna P. Borgstrom, CEO of both Yale New Haven Health and Yale New Haven Hospital in an announcement. “Not only will patients in our region have access to the most advanced neurological care, but the state and its residents will benefit economically from the project and its associated impact.”

The 505,000-square-foot project, which is scheduled to open in 2024, will include two new patient facilities on the Saint Raphael campus that will focus on collaboration between the Yale School of Medicine and Yale New Haven Hospital. The facility will house 204 inpatient beds for patients seeking treatment from movement disorders to neuro-regeneration.

The project also includes a significant expansion of the Emergency Department on the St. Raphael campus.

Encompassing demolition of existing structures, renovation and new construction, the project all told is expected to support in excess of 6,400 jobs in its host city and the region. Yale New Haven Health is already the city’s largest employer, supporting more than 25,000 jobs. Now that number will grow.

“The increase in production across the state and household spending [will] ripple through Connecticut’s economy,” according to the announcement. In addition to direct employment impact, the project is expected to stimulate the region’s retail, hospitality, rental, household-services and other sectors of the economy as well.

For a billion-dollar project, even the governor kicks in two cents.

“Partnering with Yale New Haven Hospital on this exciting project is a no-brainer for Connecticut,” said Gov. Ned Lamont. “This state-of-the-art facility is yet another example that YNHH and New Haven are leaders in medicine and research. I know the neuroscience center on the Saint Raphael Campus will yield incredible results not only for future patients, but for the greater New Haven community and for the state as a whole.”

“The investment this project represents: long-term prosperity, long-term relationships, jobs, stability and yes, dollars and cents; sends the strong signal that Yale New Haven Health and the city of New Haven will continue walking side by side long into the future,” added Mayor Toni N. Harp in a statement. The project, she added, “will underscore Yale New Haven Health’s position as a global leader in 21st-century health-care services and cement New Haven’s place as the home and destination for these services.”

The neuroscience benter will be constructed within the existing footprint of the hospital campus, bounded by Sherman Avenue and George Street. It will relocate the main entrance of the hospital from Chapel Street to George Street. An existing parking garage on Orchard Street will be extended to George Street to accommodate patients and a new 200-space underground garage will support the facility.

 

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