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Nassau Newsday > Long Island

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NUMC refinancing proposal fails

Originally published: June 21, 2012 12:04 PM
Updated: June 21, 2012 10:31 PM
By YANCEY ROY yancey.roy@newsday.com

Photo of the exterior of the Nassau University

Photo credit: Newsday/Thomas A. Ferrara | Photo of the exterior of the Nassau University Medical Center. (March 18, 2009)

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Jerry Laricchuita, president of Civil Service Employees Association

Union rallies against NUMC County supporters share mixed reactions to the budget

County supporters share mixed reactions to the budget

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Nassau County Executive Edward Mangano, left, and Nassau

Nassau 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...

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