Hoboken City Council Vote to Finalize Hospital Sale

At a special City Council meeting on Sunday October 30, a vote was held to decide whether to accept the final terms of the agreement for the city to sell the Hoboken University Medical Center. Up until this point, the minority council members, Tim Occhipinti, Theresa Castellano, Michael Russo, and Beth Mason, had voted against the sale, jeopardizing the existence of the hospital and over 1,000 hospital jobs. Preventing the sale would also have put the city on the hook for over $50 million which would have resulted in massive layoffs of city employees and increased taxes. The community took notice and began to pressure the council minority to change their vote to support the hospital sale. At this meeting the council minority finally conceded, and voted in support of the sale.

Category:

News & Politics

Tags:

• Hoboken
• City Council
• hospital
• HUMC
• HoldCo
• corruption