After more than a year of drama, bidder Brooklyn Health Partners has been chosen to buy Cobble Hill’s Long Island College Hospital for $250,000,000. The firm will operate a full service hospital and also turn parts of the prime property into apartments and retail, The New York Times and many other outlets reported.
The hospital will reopen in about three years with 300 to 400 beds (LICH had 500), said The Wall Street Journal. It will employ 2,000 people, and Brooklyn Health Partners says it plans to bring in former LICH employees. The group will build 1,000 apartments and 30 percent of them will be affordable.
SUNY will bow out May 22, and a “bridge facility” with 150 beds, an emergency room and at least 300 employees will open immediately, said the Brooklyn Eagle.