A vote against Issue 64 won’t cost taxpayers. Why would it?
Lakewood can’t be saddled with debt, because Lakewood Hospital was not in debt. Nor will the city be required to run Lakewood Hospital at a loss. The hospital was never taxpayer-subsidized in more than 100 years, and in fact made consistent profits that benefited the community up until the last year of Cleveland Clinic management.
Voting against Issue 64 won’t land the city with huge legal bills, either. Fighting over Lakewood Hospital in court has actually been the choice of the groups who support 64, again and again.
In this and other ways, the Issue 64 plan is the real drain on Lakewood’s finances and taxpaying public.
- The deal up for a vote exchanges $120 million in public assets for less than $40 million in return. What’s called “investment” is just leftovers from hospital assets that we already owned.
- The complete impact of closing Lakewood Hospital will remove nearly $300 million from our local economy, every year.
- The Issue 64 health center is a boondoggle that keeps running up additional bills, most paid by the Lakewood public.
To keep Lakewood financially strong in the years ahead, we should vote against Issue 64.
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