Oakland's Children's Hospital
The Children's Hospital Medical Center of Northern California provides a full range of pediatric acute and intensive care services to residents in the East Bay and throughout Northern California.
When Hospital recently expanded its facilities and services, the Authority helped with $65 million in tax-exempt financing. This capital project replaced an existing helipad, expanded pediatric intensive care, laboratory departments, and operating rooms, and included installation of a new emergency backup generator, renovation of its emergency room and patient rooms, and helped create a bone marrow transplant program. Martin Luther King Plaza

Children's also used these bonds to acquire a nearby building-the Martin Luther King Plaza-to house research activities. Authority funding helped the organization renovate this former public school into research facilities.

In a separate transaction, the Authority issued $30 million for Children's in connection with a major seismic retrofit project.

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gl 05.31.06