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Prospective Wilkes-Barre General Hospital buyer agrees to pay Luzerne County $850,000 in lieu of taxes annually for four years
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Prospective Wilkes-Barre General Hospital buyer agrees to pay Luzerne County $850,000 in lieu of taxes annually for four years
The nonprofit prospective buyer of Wilkes-Barre General Hospital has agreed to pay Luzerne County $850,000 in lieu of taxes annually from 2026 through 2029, according to Tuesday’s County Council agenda. This payment in lieu of taxes, often called a PILOT, came up because the buyer — Tenor Health Foundation Inc. — needs council approval to borrow approximately $72 million in a package that includes tax-exempt bonds. The county is not pledging or …
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