SUNY has issued a press release saying it has “an agreement in principle with Fortis Property Group for the purchase of the former Long Island College Hospital (LICH) complex.” It is subject to SUNY’s and Fortis’s reaching a final agreement and the approval of that agreement by SUNY’s Board of Trustees. The way for this was cleared, as reported by the Brooklyn Daily Eagle, by a court decision last Friday rejecting a challenge to how some members of a panel appointed to evaluate proposals for the LICH site made their decisions. According to the Eagle story the court noted that
when SUNY accepts an offer, it will be subject to the approval of the New York State Comptroller’s Office. “Thereafter, the appropriate administrative remedies exist, if any are appropriate.”
The agreement in principle, according to the press release, includes a payment by Fortis of $5 million, in addition to the $240 million purchase price, “for a Community Foundation to address the ongoing healthcare needs of the community.” The healthcare services that Fortis’s partners, NYU Langone Medical Center and Lutheran Health Services, propose to provide at or near the present LICH site are listed in the press release linked at the beginning of this post.