$1.27B hospital project in Dallas is over budget

The projected building cost of the new Parkland Memorial Hospital in Dallas at one point was $156 million above the original budget, but that has since been pared to $16 million, according to Walter Shaw, the hospital’s interim chief financial officer. The reduction was due in part to using other hospital revenues, including investment earnings and profits from its health-care plan. The medical facility is scheduled for completion by 2015.

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