Bank of America gives $250,000 for downtown Utica hospital

By Amy Neff Roth, Observer-Dispatch

This article was originally published in the Observer-Dispatch.

“The

The Mohawk Valley Health System has received its first major corporate gift for its planned downtown Utica hospital.

The Bank of America is kicking in $250,000, bank and health system officials announced Monday evening at the Yahnundasis Golf Club in New Hartford.

Hospital officials were excited to receive the gift, said health system President/CEO Darlene Stromstad.

"It speaks to their commitment to the community because this is money that will in turn be used for health care for this community," she said.

"They're going to use this money for a brand new hospital," said Michael Brunner, the bank's market president, Central New York. "That's the only stipulation."

A new, state-of-the-art hospital will help bank employees, their families, their friends and their community, he said.

"For a community of this size, this is a big donation (compared to other Bank of America donations)," Brunner said. "Our local teammates came together to effectively apply for this internally."

The new hospital, which will be built on a 25-acre downtown medical campus between Oriskany, Columbia and State streets and Broadway, will cost an estimated $480 million with $300 million coming from a state grant. Plans call for raising another $150 million through bonds issued by the Oneida County Local Development Corporation and another $30 million or $35 million through local fundraising and/or hospital funds, officials said.

Discussions are underway, hospital officials said, to determine what in the new hospital might be named for Bank of America.

Officials announced the donation to the media and then held a formal check presentation during a dinner at the golf club at the end of the health system foundation's annual golf tournament, of which Bank of America is lead sponsor. The golf tournament raised $140,000 for the health system, officials said.

8/19/19


Open Location
Open How we're involved