Kingman Regional Medical Center (KRMC), like the newly-configured Kingman City Council, begins the New Year with a commitment to a more aggressive pursuit of the Kingman Crossing Interstate 40 retail development project. The hospital stepped up its involvement with a November announcement that it purchased a key 160-acre parcel near its mostly-unused Hualapai Mountain Campus.
Both the city and the hospital are working to explore finance mechanisms and possible partnerships to advance the multi-million dollar project that involves retail development centered in the vicinity of a new interchange east of the Andy Devine Avenue exit.
For more than a decade the question has been how to assemble the project puzzle pieces. The question remains the same today.
``Clearly it's going to have to be a collaborative effort, but we're not going to wait and see what happens on the city side," said KRMC CEO Brian Turney. ``We've been in touch with the city officials, but we do have plans to work with outside entities to at least try to take a closer look at how this might work."
Turney said the hospital and its governing board view properly focused project involvement as a means to possibly add a new revenue source for KRMC.
``I think that is one of the hopes. Is it guaranteed? No. Are there risks involved? Yes. But I think the hope is that at some point in time it has the potential to be a new revenue stream," Turney said. He said it's important that KRMC diversify its income potential in the face of fiscal uncertainty in the health care arena.
``We're in a position to survive, but we'd rather thrive rather than survive and I think it's good for us and ultimately good for the community and the people that we care for that we have a healthy institution that isn't just struggling to make ends meat each year, but is able to effectively recruit professionals and bring in the right kind of caregivers and have the right kind of equipment," Turney said.
Turney said the Kingman Crossing project has had a number of starts and stops over the years. He said hospital officials feel now is the time to re-examine possible project advancement.