(AP) — The $1.2 billion teaching hospital proposed for New Orleans would be owned by LSU and operated by a nonprofit corporation with representation from LSU, Tulane, Xavier and other New Orleans schools.
The draft agreement was unveiled Thursday by Gov. Bobby Jindal’s administration.
The proposed memorandum of understanding is the result of more than 30 hours of negotiations to break a lengthy logjam between Tulane and LSU about how the 424-bed hospital should be run.
Health and Hospitals Secretary Alan Levine said the agreement needs to be ratified by the schools before planning for the hospital can continue.
The Tulane Board of Trustees has scheduled a meeting Friday to take up the matter, while the LSU Board of Supervisors will discuss the document on Monday.—-Contact The Daily Reveille’s news staff at [email protected]