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Albany County Legislature approves LDC for nursing home
ALBANY -- The Albany County
Legislature voted Monday evening to transfer control of the countys nursing
home to a Local Development Corporation.
The decision came more than a year after County Executive Dan McCoy proposed leasing it to a private company in an effort to stem an estimated $1 million loss each month.
Over the years Ive found that people from the community, people who have been in business who have expertise in business they can move the project forward much better than we can, said Legislature Majority Leader Frank Commissio.
Before the vote, several legislators questioned whether the plan would actually solve the nursing homes financial problems. Minority Whip Deb Busch equated the LDC resolution to signing a blank check.
Ultimately we're looking at a $10 million debt for the nursing home, said Busch. I would say after paying operator services we're looking at probably an additional $1 million on top of this. I don't believe in this.