The City of Phoenix has approved the issuance of Lease Revenue Bonds, Series 2024, in an amount not to exceed $125,000,000. These bonds will finance, refinance, and reimburse a portion of the cost for the development, acquisition, construction, and equipping of a 60-bed healthcare facility at the Discovery Oasis Campus. The facility will be leased and operated by Brooks West Rehab Services, Inc., with funding used for the project, working capital, and other related transaction costs.
This project supports the expansion of healthcare services in Phoenix, providing vital rehabilitation services to the community while fostering economic growth in the area through the issuance of bonds.