Unlike Martin Paredes, I'm willing to admit when my conspiracy theories just don't work out. The Children's Hospital's play to enter bankruptcy instead being taken over by UMC ruins my theory from years ago. You can read the latest news on the situation HERE.
When the children's hospital was pitched to the voters back in the day, it was pitched as a "stand alone" hospital. Most voters thought that meant they were paying to build a new building that would just be for sick children. That wasn't the case. The trickery there was that "stand alone" meant it would be its own entity operations wise - own board etc... The actual brick and mortar of the children's hospital was just a few floors inside a building under construction for UMC. It was not a "children's hospital" as much as it was a children's wing of a hospital that had its own governing board.
It was never made clear why El Paso needed a children's hospital. The children's wing of a local private hospital sat empty for months at a time. There was no identifiable need... or should I say - shortage of care for children in El Paso.
What there was a need for was money to finish the building that the children's hospital would be put in. For some reason (and I think you know why) they didn't think they could issue a certificate of obligation for what they were short. Besides, inventing a children's hospital allowed a lot of people to put a star on their resume and have a chance to join an exciting oversight board. And let's not forget having your name put on a bronze plaque in the lobby!
Oh, and I forgot - the children's hospital would pay rent in the building they paid to build. Think about that for a second. You pay a guy to build you a house and then when it's finished, you pay him rent. WHAT? That's what happened. The bond for the children's hospital paid for that damn building and then UMC turned around and charged them rent!!! And they eventually couldn't pay that rent so you are where you are now.
The last part of my conspiracy theory was that the children's hospital would be absorbed into UMC and turned into a children's wing (which it always was) and allow them to raise your taxes. After all, UMC has increased their services! They need more tax dollars to run!
Well, that didn't happen. The children's hospital folks seem to be resisting that and hoping to file bankruptcy in order to short UMC on their rent money. And by "UMC," I mean YOU.
So my conspiracy theory is busted. It's still bad, but it wasn't exactly what I thought it was.