Cranes galore, road closed signs, and hard-hatted construction workers are all part of the $1 billion construction surge on Health Hill that is expected to culminate in 500 new healthcare jobs. But those in trenches the frenzied development won’t last, and they’re looking toward the future with an eye to slower, but steady, growth.
According to excerpts from the story:
Grand Rapids’ largest employer, Spectrum Health, expects to fuel the local market with 500 new health care jobs and continue to drive commercial construction jobs with a higher-than-normal plan for capital expenditures in fiscal 2008.
But Spectrum Health CFO Mike Freed warned at last week’s annual public meeting that health care’s decade-long construction binge in Grand Rapids will eventually wind down.
“It’s not going to go on forever,” Freed said. “It may seem like it, driving down Michigan (Street), but it won’t go on forever. This is a period of time that we’ve planned for. And we’ve expected that next year (2009) won’t look like this.”
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