NCMC, Banner add Greeley parcels to holdings
The first took place in August, when NCMC Inc. and Banner Health closed on an 88-acre parcel surrounded by the city-owned Boomerang Golf Course at West 10th Street and 71st Avenue. Banner and NCMC Inc. paid $4.5 million for the parcel, according to Ken Schultz, NCMC board executive.
NCMC is the governing board of North Colorado Medical Center in Greeley; Phoenix-based Banner Health system has a contract to operate NCMC facilities.
The second transaction occurred last month, when NCMC and Banner closed on a 12-acre parcel just east of the Boomerang property, part of the 112-acre former HP campus. Schultz said $2.34 million was paid for that acquisition to City Center West, a Denver-based investor group that has owned the former Hewlett-Packard site since 2007.
Schultz said while the two purchases may not see development in the near-term, they could be future sites for medical facilities in what has been a rapidly growing part of the city.
"We're trying to provide for the direction of the population growth going forward," he said. "We're bullish on Greeley."
Schultz said that of the two, the