NUMC refinancing proposal fails
GalleriesNassau County Executive Edward Mangano
ALBANY -- A $300-million refinancing proposal to aid debt-ridden Nassau University Medical Center has failed.
"It is dead," said Assemb. Charles Lavine (D-Glen Cove), prime sponsor of a bill that would have allowed NUMC to go through the Nassau Interim Finance Authority to refinance its debt while interest rates are low. He said the proposal would have saved the medical center at least $15...