Henderson’s $1.6B Union Village Wins Hospital Commitment from Valley Health

For a while now, a massive health care-centric development has caught the attention of media outlets as the ambitious project aimed to create a new community in Henderson, relying mainly on a number of facilities aimed at providing quality health care for the region. Union Village is set to cost a total of $1.6 billion dollars, to be developed by master planner Union Village LLC over a number of years. Now, Valley Health System has expressed serious interest in being taking over the centerpiece of the community, the acute-care hospital that will act as the anchor tenant for the village.

In a major step for Union Village, the $1.6 billion healthcare-centered project in Henderson, Valley Health System is nearing an agreement to build the acute-care hospital that will anchor for the 220-acre development.

Valley Health’s commitment would allow the city to approve the sale of the 30-acre site designated for the facility. Union Village L.L.C., the project’s master developer, would pay about $11.6 million for the site, according to The Las Vegas Review-Journal .

Touted as the world’s first integrated health village, the project would include retail, senior care, cultural and residential components.

Union Village’s backers say that the project will generate an economic boost in the form of tax increment revenue worth around $158 million. By the time it is completed in 2022, the development will create an estimated 17,000 new jobs.

Image courtesy of unionvillage.net