Denver's St. Joseph Hospital Project Will Have Big Economic Impact
The redevelopment of St. Joseph Hospital in central Denver will create 1,400 construction-related jobs annually and contribute $340 million in labor compensation from now until it opens in 2014, Denver city officials said in mid-June. The campus redevelopment, known as the St. Joseph Heritage Project, is also projected to infuse $13.6 million annually to the city of Denver and $8 million annually to the state of Colorado in use taxes.
The findings were part of an economic study conducted by Denver-based BBC Research & Consulting for St. Joseph. The hospital will invest a total of more than $700 million in the multi-year project, which includes the cost of purchasing The Children’s Hospital adjacent property in 2007.