Oxford aldermen to invest total hospital windfall

By The Associated Press

OXFORD — The Oxford Board of Aldermen has voted to keep intact the $30 million it is getting as its share of the sale of a hospital building to Baptist Memorial Health Care Corps.

The board had voted last week to set aside $2 million of the $30 million to pay for some immediate community needs, while investing the remaining $28 million to use for long-term needs.

However, at a meeting Tuesday, the board reversed itself and voted to restore the $2 million into the investment pot. The Oxford Eagle reports that the board took the action after Mayor Pat Patterson threatened to veto the effort to use $2 million for community needs.