Former medical center site up for grabs
FRISCO – How to backfill the office space at Frisco Medical Center when its occupants pick up and move to a planned new hospital site is an opportunity on which Frisco town officials hope to capitalize.
Just less than four acres, the parcel is a prime real estate location because it fronts Summit Boulevard and has views to Lake Dillon.
Town officials are beginning to look at the master plan with an eye toward economics in 10, 20 and even 30 years. The Frisco Medical Center site, expected to be vacated when the new medical campus just south of town is finished, will factor into the master planning process. That will, in turn, produce a townwide economic vision, said town spokeswoman Linda Lichtendahl.
Last year, a consultant hired by the town finished an economic development report, identifying 83 strategies for the town. The Frisco Medical Center site was identified in that report.
But Lichtendahl said Bob Turner, an economic development coordinator recently hired by the town on a part-time basis, said the strategies were “a shot in the arm approach,” so the town will develop a comprehensive economic vision through master planning instead of taking immediate action on most of the report’s 83 items, including the Frisco Medical Center site.
The doctors of High Country Health Care own the Summit Vista Professional building, one of two buildings on the site. The other building is owned by Centura Health/St. Anthony’s Hospitals, which also owns all of the land underneath.
High Country Health Care chief executive officer Dennis Flint said an exit strategy is in the works between the doctors and Centura Health to dispose of the Summit Vista Professional building.
Negotiations are underway to sell the building, either to Centura Health or an outside developer, so that doctors can invest in a new office building to be developed at the medical campus just southeast of Frisco on county-owned property.
Construction on the new medical office building is slated to begin in 2005.
Flint said a buyer has expressed interest in purchasing the Summit Vista Professional building, but declined to say who or what type of business is interested. He said the doctors preferred the building not be torn down.
“Someone should be able to use it,” Flint said. “Obviously, Centura won’t want to compete with another medical facility and at this point, we don’t know if it will be scrapped or if someone will pay fair market value.”
Frisco town manager Theresa Casey said she had heard of no firm plans for the parcel.
A Centura Health official said a decision had not been made on the fate of the Frisco facility or the land it sits on.
The Frisco Medical Center will stay open until at least 2005, when the new hospital is slated for completion.
Kim Marquis can be reached at 668-3998, ext. 249 or firstname.lastname@example.org.
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