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TEFRA Hearing Notice: UPMC

  • STARTFeb 18th - 2:30pm

  • ENDFeb 18th - 3:30pm

  • VENUE4th Floor, Commonwealth Keystone Building

February 18 @ 2:30 pm - 3:30 pm

Notice is hereby given that on Tuesday, February 18, 2020 at 2:30 p.m., prevailing time, a public hearing will be held by the Pennsylvania Economic Development Financing Authority (“PEDFA“) with respect to the proposed issuance by PEDFA of its tax-exempt revenue bonds, in one or more series as a plan of finance (the “Bonds“), to finance a portion of the costs of the projects described below. The public hearing will be held at the offices of PEDFA, Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, PA 17120-0225. The public hearing is being held by PEDFA pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code“).

A. Initial Owner/Operator: UPMC, a Pennsylvania nonprofit corporation, and/or an affiliate thereof (“UPMC”).

B. Estimated Maximum Principal Amount of Bonds: The estimated maximum principal amount of Bonds, which are being issued as qualified 501(c)(3) bonds under the Code, is $1,000,000,000, the proceeds of which will be loaned by PEDFA to UPMC and used to finance costs of the Capital Projects (as defined and described below), including costs associated with the issuance of the Bonds.

C. Description of the Capital Projects: The “Capital Projects” consist of various capital expenditures and improvements that constitute healthcare facilities (or portions thereof) and equipment to be owned and/or operated by UPMC or its affiliates.

D. Locations of Capital Projects: The Capital Projects are or will be located at the healthcare and related facilities (or portions thereof) owned and/or operated by UPMC or one of its affiliates at the following locations/addresses in the Commonwealth of Pennsylvania. The estimated maximum principal amount of proceeds of the Bonds to be used at each location/address is indicated below.

LocationMaximum Allocated Proceeds
Oakland Campus 
The Oakland campus of UPMC, centered around 200 Lothrop, and including but not limited to 203 Lothrop Street, 204 Craft Avenue, 300 Halket Street, 3600 Forbes Avenue, and 3811 O’Hara Street (Pittsburgh, PA 15213)$1,000,000,000
St. Margaret Campus 
The UPMC St. Margaret Hospital campus, centered around 815 Freeport Rd., and including but not limited to property south of Freeport Rd. at 500 Chapel Harbor Dr. (Pittsburgh, PA 15215 and Pittsburgh, PA 15238)$275,000,000
Mercy Campus 
Properties between Forbes Avenue, Boulevard of the Allies, Van Braam Street, and Stevenson Street (Pittsburgh, PA 15219)$905,000,000
Shadyside Campus 
UPMC Shadyside campus, with a main address of 5230 Centre Ave, and including but not limited to 560 South Aiken Avenue, 580 South Aiken Avenue, 532 South Aiken Avenue, and 5115 Centre Avenue (Pittsburgh, PA 15232)$747,500,000
McKeesport Campus 
The McKeesport campus of UPMC, centered around 1500 Fifth Ave., and including but not limited to 500 Hospital Way and 600 Hospital Way (McKeesport, PA 15132)$250,000,000
UPMC Pinnacle Harrisburg Campus 
Properties between South 2nd Street, Mary Street, South Front Street, and Chestnut Street (Harrisburg, PA 17101)$275,000,000
Pinnacle West Shore Campus 
The Pinnacle West Shore campus of UPMC, centered around 1995 Technology Drive, and including but not limited to 2005 Technology Drive, 2015 Technology Drive, and 2025 Technology Drive (Harrisburg, PA 17050)$275,000,000
UPMC Susquehanna Campus 
Properties between Rural Avenue, Campbell Street, Maple Street, and High Street (Williamsport, PA 17701)$225,000,000
UPMC Pinnacle Memorial Campus 
The Pinnacle Memorial campus of UPMC, centered around 325 Belmont Avenue, and including but not limited to 1750 Fifth Avenue (York, PA 17403)$275,000,000
UPMC Hamot Campus 
The UPMC Hamot Hospital campus, centered around 201 State Street, and including but not limited to property north of Bayfront Freeway at 380 East Bayfront Parkway (Erie, PA 16505, 16507 and 16550)$375,000,000
UPMC East Campus 
UPMC East Hospital campus, centered around 2775 Mosside Blvd, and including but not limited to property located at 2735 Mosside Boulevard and 4145 William Penn Highway (Monroeville, PA 15146)$250,000,000
Seneca Campus 
UPMC Seneca campus, centered around 5350 Saltsburg Road, and including but not limited to property located at 5360 Saltsburg Road and 5340 Saltsburg Road (Verona, PA 15147)$75,000,000
Children’s Hospital Campus 
UPMC Children’s Hospital campus, centered around 400 45th Street, and including but not limited to property located at 408 45th Street, 451 44th Street, 474 44th Street, 4401 Penn Avenue, and 310 Fisk Street (Pittsburgh, PA 15224)$325,000,000
Passavant Campus 
UPMC Passavant Hospital campus, centered around 9100 Babcock Boulevard, and including but not limited to property located at 9102 Babcock Boulevard, 9104 Babcock Boulevard, 9350 Babcock Boulevard, and 700 Cumberlands Drive (McCandless Township, PA 15101)$275,000,000
Jameson Campus 
UPMC Jameson campus, centered around 3345 Wilmington Road, and including but not limited to property located at 3349 Wilmington Road, 3410 Wilmington Road, and 3356 Clover Lane (New Castle, PA 16105)$275,000,000
Passavant – Cranberry Campus 
UPMC Passavant – Cranberry campus, centered around 1 St. Francis Way, and including but not limited to property located at 3 St. Francis Way, 5 St. Francis Way, and 20130 Route 19 (Cranberry Twp, PA 16066)$275,000,000
Bedford Campus 
UPMC Bedford campus, centered around 10455 Lincoln Highway, and including but not limited to property located at 249 Hospital Drive (Everett, PA 15537)$200,000,000
Mercy Southside Campus 
Properties between Mary Street, South 21st, Josephine Street, and South 18th Street (Pittsburgh, PA 15203)$50,000,000
UPMC Sports Medicine Campus 
UPMC Sports Medicine campus, centered around 3200 S. Water Street, and including but not limited to property located at 2 Hot Metal Street (Pittsburgh, PA 15203)$50,000,000
Asbury Heights Campus 
Asbury Heights campus, centered around 700 Bower Hill Road, and including but not limited to property located at 730 Bower Hill Road (Pittsburgh, PA 15203)$50,000,000
Sterling Square Campus 
Sterling Square campus, centered around 3330 Peach Street, and including but not limited to property located at 3406 Peach Street (Erie, PA 16505 and 16507)$50,000,000
UPMC Wellsboro Campus 
Properties between Central Avenue, Grant Street, Meade Street, and Walnut Street (Wellsboro, PA 16901) $200,000,000
Carlisle Campus 
Properties between Walnut Bottom Road, Sprint Drive, and Alexander Spring Road (Carlisle, PA 17015) $225,000,000
Non-Campus Locations 
1 Outlet Lane, Lock Haven, PA, 17745$25,000,000
100 Fairfield Drive, Seneca, PA, 16346$200,000,000
100 Norman Drive, Cranberry Township, PA, 16066$25,000,000
1001 E. Second St, Coudersport, PA, 16915$200,000,000
1075 North Hermitage Road, Hermitage, PA, 16148$25,000,000
110 N. Main St, Greenville, PA, 16125$200,000,000
1100 Grampian Blvd., Williamsport, PA, 17701$25,000,000
1211 Wilmington Avenue , New Castle, PA, 16105$200,000,000
12620-12680 (even side) Perry Highway, Wexford, PA, 15090$25,000,000
1500 Highlands Dr, Lititz, PA, 17543$200,000,000
1671 Loucks Road, West Manchester Township, York, PA, 17408$25,000,000
1677 Loucks Road, West Manchester Township, York, PA, 17408$25,000,000
1701 Innovation Drive, York, PA, 17408$300,000,000
1870 Broadview Blvd., Natrona Heights, PA, 15065$25,000,000
1915 Old Trail Road, Etters, PA, 17319$25,000,000
205 Millers Run Road , Bridgeville, PA, 15017$25,000,000
215 Holland Street, Erie, PA, 16507$200,000,000
2200 Memorial Drive, Farrell, PA, 16121$200,000,000
225 South Center Avenue, Somerset, PA, 15501$200,000,000
230 Beverly Rd, Pittsburgh, PA, 15216$25,000,000
24 Cree Drive, Lock Haven, PA, 17745$200,000,000
2500 West 12th Street, Erie, PA, 16505$200,000,000
2599 Wexford Bayne Road, Sewickley, PA, 15143$25,000,000
2626 Wexford Bayne Road, Sewickley, PA, 15143$25,000,000
275 Clairton Boulevard, West Mifflin, PA, 15122$187,500,000
3 Mariner Court, Harmarville, PA, 15238$25,000,000
300 Highland Avenue, Hanover, PA, 17731$200,000,000
3410 W. Pittsburg Road, New Castle, PA, 16105$25,000,000
351 Causeway Dr, Franklin, PA, 16323$25,000,000
3515 Washington Road, Suite 550, McMurray, PA, 15317$25,000,000
400 Oxford, Monroeville, PA, 15146$200,000,000
4300 Londonderry Road, Harrisburg, PA, 17109$200,000,000
4372 Route 6, Kane, PA, 16735$200,000,000
4480 Mt. Royal Boulevard, Allison Park, PA, 15101$25,000,000
50 Vanadium Road, Bridgeville, PA, 15017$25,000,000
5701 Phillips Ave., Pittsburgh, PA, 15217$25,000,000
620 Howard Ave, Altoona, PA, 16601$200,000,000
6500 Steubenville Pike, Robinson Court, Pittsburgh, PA, 15205$25,000,000
7 55th Street, Pittsburgh, PA, 15201$25,000,000
700 Beatty Road, Monroeville, PA, 15146$25,000,000
7205 Buffalo Rd., Harboorcreek, PA, 16427$25,000,000
745 Greenville Road, Mercer, PA, 16137$25,000,000
8945 Route 30 , North Huntingdon, PA, 15642$25,000,000
896 Weatherwood Lane, Greensburg, PA, 15601$25,000,000
Located along Roosevelt Avenue, West Manchester Township, York, PA, 17408$25,000,000
The property bordered on three sides by Elliot Road, State Route 51 and Practice Tee Rd, including 300 Practice Tee Rd and 3000 Practice Tee Rd also known as County Tax Parcels, Block 767-D Lot 375, Block 767-G Lot 200, Block 660-S Lot 40, Block 767-H Lot 14 and Block 660-L Lot 67, Clairton, PA, 15025$500,000,000

Details regarding the Bonds and the Capital Projects may be obtained during regular business hours from the Pennsylvania Economic Development Financing Authority, Commonwealth Keystone Building, 400 North St, 4th Floor, Harrisburg, PA 17120-0225.

PEDFA requests that interested parties planning to attend and/or speak at the hearing contact the Authority prior to February 14, 2020, and submit in writing any comments they intend to make at the hearing (or a written summary thereof) to the Authority prior to that date. All attendance inquiries should be directed to Craig Petrasic, Assistant Director, or Brian Deamer, Project Manager, Pennsylvania Economic Development Financing Authority, Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, PA 17120-0225, (717) 783-1109.

PENNSYLVANIA ECONOMIC DEVELOPMENT
FINANCING AUTHORITY

Details

Date:
February 18
Time:
2:30 pm - 3:30 pm
Event Categories:
,

Venue

4th Floor, Commonwealth Keystone Building
400 North Street
Harrisburg, PA 17120 United States