Taft advised the University of Illinois on a public-private partnership for the financing, development, and construction of a new, approximately $200 million Outpatient Surgery Center and Specialty Clinics building at the University of Illinois at Chicago. The Outpatient Surgery Center and Specialty Clinic building is the first health care public-private partnership in the state of Illinois. Financing the project involved the issuance of approximately $150 million of tax-exempt bonds by the Illinois Finance Authority. When completed, the Outpatient Surgery Center and Specialty Clinics Building will be the first new building for the university’s academic and clinical health enterprise, called UI Health, since 2014.
The 200,000-square-foot facility will feature six floors of patient care space that will accommodate the increasing volume and complexity of surgical care, education, and research. The project is a public-private partnership between the University, Ankura Healthcare, and Provident Resources Group, a 501(c)(3) organization. Closing of the financing occurred on Aug. 27, 2020. Construction activities began soon after. Completion of the project is expected in fall of 2022.
The Taft team includes Howard Zweig, Karl Camillucci, Daniel Lindgren, Julie Drewes, Daniel Burns, and Johnny Pinjuv.