The construction of a state-of-the-art neuroscience center on the campus of the former Hospital of St. Raphael is expected have economic consequences that ripple well beyond the Yale New Haven Hospital footprint and downtown New Haven. In April YNHH announced plans to establish the new center at the intersection of George Street and Sherman Avenue, […]
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The construction of a state-of-the-art neuroscience center on the campus of the former Hospital of St. Raphael is expected have economic consequences that ripple well beyond the Yale New Haven Hospital footprint and downtown New Haven.
In April YNHH announced plans to establish the new center at the intersection of George Street and Sherman Avenue, a five-year endeavor that carries a staggering price tag: $838 million. The project is the largest and most extensive development project in downtown New Haven in decades.
Its impact will be an even larger number. In late September YNHH announced results of a study to calculate the economic impact the project is expected to generate for the city and state — more than $1 billion.
“The new neuroscience center is clearly going to be a win-win situation,” said Marna P. Borgstrom, CEO of both Yale New Haven Health and Yale New Haven Hospital. “Not only will patients in our region have access to the most advanced neurological care, but the state and its residents will benefit economically from the project and its associated impact.”
The 505,000-square-foot project, which is scheduled to open in 2024, will include two new patient facilities on the St. Raphael campus that will focus on collaboration between the Yale School of Medicine and Yale New Haven Hospital. The facility will house 204 inpatient beds for patients seeking treatment from movement disorders to neuro-regeneration.
The project also includes a significant expansion of the Emergency Department on the St. Raphael campus.
Encompassing demolition of existing structures, renovation and new construction, the project all told is expected to support in excess of 6,400 jobs in its host city and the region. Yale New Haven Health is already the city’s largest employer, supporting some 25,000 jobs. Now that number will grow.
“The increase in production across the state and household spending [will] ripple through Connecticut’s economy,” according to the announcement. In addition to direct employment impact, the project will stimulate the region’s retail, hospitality, rental, household-services and other sectors of the economy as well.
“Partnering with Yale New Haven Hospital on this exciting project is a no-brainer for Connecticut,” said Gov. Ned Lamont. “This state-of-the-art facility is yet another example that YNHH and New Haven are leaders in medicine and research. I know the neuroscience center on the Saint Raphael Campus will yield incredible results not only for future patients, but for the greater New Haven community and for the state as a whole.”
“Partnering with [YNHH] on this exciting project is a no-brainer for Connecticut,” said Gov. Ned Lamont. “This state-of-the-art facility is yet another example that YNHH and New Haven are leaders in medicine and research.”
The neuroscience center will be constructed within the existing footprint of the hospital campus. It will relocate the main entrance of the hospital from Chapel Street to George Street. An existing parking garage on Orchard Street will be extended to George Street to accommodate patients and a new 200-space underground garage will support the facility.
