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VOL. 131 | NO. 101 | Friday, May 20, 2016

St. Jude Pulls $84.5M Permit for Expansion

By Madeline Faber

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St. Jude Children’s Research Hospital has applied for an $84.5 million permit for construction on its Downtown campus, part of a $9 billion strategic plan announced late last year.

St. Jude Children's Research Hospital 

(Daily News File/Andrew J. Breig)

Addition and alterations will take place at 262 N. Danny Thomas Blvd., according to the application, which lists W.G. Yates & Sons Construction Co. as the contractor.

Rick Shadyac, president & CEO of St. Jude’s fundraising and awareness arm, ALSAC, said in a statement that the plan is designed to “expand care and research investments and outcomes for children battling cancer and other life-threatening diseases.”

“This includes increasing new cancer patients treated on our campus by 20 percent and expanding our efforts globally to help children,” he added. (Scroll down to read Shadyac’s full statement.)

The build is among the first big stakes put down as part of the $9 billion that St. Jude and ALSAC is investing in its operations and physical footprint. Of those funds, $1 billion will be going toward new construction, including outpatient facilities, a clinical office building, a data center, a research building and new housing for patients. A graduate school also is planned.

When St. Jude announced its plans last November, St. Jude CEO Dr. James Downing said the hospital and ALSAC would each add about 1,000 staff members as part of the expansion.

A couple of weeks after the November announcement, St. Jude and contractor Flintco Inc. filed a $10 million permit application for foundation work at 650 St. Jude Place.


Statement from Rick Shadyac, president and CEO of ALSAC, the fundraising and awareness organization for St. Jude Children’s Research Hospital:

“St. Jude Children’s Research Hospital has announced a new strategic plan designed to expand care and research investments and outcomes for children battling cancer and other life threatening diseases. This includes increasing new cancer patients treated on our campus by 20 percent and expanding our efforts globally to help children.
St. Jude is uniquely positioned to take on this work, and over the next six years, St. Jude and ALSAC plan to spend approximately $9 billion on total operations and the expansion. Through our one-of-a-kind business model, ALSAC must raise more than 75 percent of the funds needed to operate St. Jude and fund expansion plans. These funds come from generous supporters who help ensure no family ever pays St. Jude for treatment, travel, housing and food so all they can focus on is helping their child live.
To meet and sustain the large fundraising needs, ALSAC has had to grow and scale as efficiently and effectively as possible. We have outgrown all current space, and additional space is now necessary on the St. Jude campus to house the staff charged with raising these critical funds for the next 20 years. ALSAC is working carefully with our contractors and partners to complete and fund the expansion as efficiently as possible while continuing to meet and exceed Better Business Bureau guidelines for operating expenses.”

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 84 242 16,303
MORTGAGES 105 284 18,840
FORECLOSURE NOTICES 0 36 2,497
BUILDING PERMITS 0 349 33,738
BANKRUPTCIES 54 169 10,483
BUSINESS LICENSES 33 80 5,383
UTILITY CONNECTIONS 0 53 6,326
MARRIAGE LICENSES 22 74 3,585