According to the Daily Collegian, the Mount Nittany Medical Center could see a $70 million facilities upgrade as early as October 2010 if a series of tax-exempt bonds from the IRS are sold by late November.

The Centre County Board of Commissioners approved the hospital's financing package Tuesday.  However, the plan will not be financed by the cash-strapped county.

The expansion would add three floors to the East Wing which was completed in 2004.  The project would make the hospital a mostly private-room facility.  The three floor addition is expected to cost $40 million.

The other $30 million could cover projects like a new cancer center, a medical office building, increased parking, or improved storm-water runoff.  (Read More)