TRENTON – Legislation sponsored by Senators Bob Gordon, Nicholas P. Scutari and Brian Stack to incentivize the conversion of shuttered hospitals into productive health care facilities was approved unanimously today by the Senate Economic Growth Committee.
“A hospital closure can have a dramatic affect on the community, resulting in reduced access to health care services for residents and significant job and tax revenue losses in the area in which it was located,” said Senator Gordon (D-Bergen/Passaic). “Providing tax credits for the development of medical arts centers will help to encourage the redevelopment of shuttered hospitals, which will help ensure the continuation of vital healthcare services for residents and contribute to a more stable local economy.”