The Western Reserve Port Authority approved issuing a revenue bond of up to $15 million to support the expansion of Youngstown (Ohio) Orthopaedic Associates, the Youngstown Business Journal reported April 20.
The 12-physician practice plans to build a 36,725-square-foot medical office building that will house imaging services, physical and occupational therapy and operations. The space will cater to 10 physicians and administrative staff and will be the first dedicated outpatient muskuloskeletal campus with an ASC in Mahoning county, according to the practice.
Youngstown Orthopaedic Associates expects the development to create up to 12 positions.
The Port Authority expects to close April 27 on the agreement with Mane Health Realty, a real estate development firm headquartered in Youngstown.
Construction is projected to take up to two years.