Healthcare construction remains strong despite surging costs, with spending in the sector near all-time highs, according to a recent Federal Reserve Bank of St. Louis healthcare construction report.
Examples abound:
- St. Louis Veterans Administration Health is planning a $1 billion renovation at John Cochran Veterans Hospital in St. Louis.
- The University of California, San Francisco received a $500 million donation to accelerate plans to build a new hospital at its Parnassus
- Heights campus, which will cost an estimated $1.5 billion.
- Long Beach, California-based Tibor Rubin VA Medical Center is planning $387 million worth of renovations, including a new mental health facility and community living center.
