OTTUMWA, Iowa — The City of Bridges has finally closed a deal with buyers of the St. Joe’s Hospital.
The sale comes after three years of planning among the hospital’s new owner, Blackbird Investments, the city and the Ottumwa Regional Health Center.
Blackbird Investments will officially begin developing a housing complex at the site on North Ash Street.
At last week's city council meeting, Ottumwa Mayor Tom Lazio told KTVO the city was still negotiating with Blackbird.
“I’m very happy and excited that ORHC and Blackbird have been able to make this development become a reality,” Lazio said in a press release Tuesday. “It will be a great investment for our community and help meet some of our housing needs. I appreciate the willingness of both parties to work so hard over the past three years to make this project come to fruition. We are excited for both parties and will continue to support this needed development.”
Blackbird is now in the planning stages of redevelopment.
“We appreciate the time and consideration everyone has spent, ensuring the best solution for the site was accomplished,” said Blackbird Partner T.J. Jacobs. “This is a phenomenal project that has been a long time coming and we can’t wait to provide Ottumwa with a much-anticipated housing development.”