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Lakeland Regional aims to prepay its lease through 2040, then pay $10 a year


LAKELAND   Lakeland officials will consider whether to accept a $215 million payment from Lakeland Regional Health to end its current hospital lease. Doing so, will have a radical  impact on the city s finances. 
City commissioners are scheduled to vote Monday on whether to accept a deal in which Lakeland Regional Health would prepay $215 million to fulfill all remaining hospital lease payments through September 2040. Afterward, the hospital would pay the city $10 per year going forward. 
I m not alone in thinking the hospital lease is one of the most challenging issues to resolve in the coming years, Commissioner Chad McLeod said. This is a win for both sides that brings certainty into the situation. ....

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