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Hospital’s Economic Damages due to Construction Delays

Accumyn’s experts analyzed a hospital’s economic damages from the additional construction costs and rent paid on an unfinished diagnostic imaging facility. Shortly after the non-profit Texas hospital entered a long-term commercial lease, began construction and ordered the necessary equipment, expansion was halted when the hospital learned that an existing ground lease with the landowner had restrictive covenants in place that prohibited diagnostic imaging and signage rights. The hospital continued to pay rent on the unfinished space, incurred significant construction delay expenses and had to give up the revenue stream it counted on from the planned expansion. Along with lost profits, Accumyn stepped in to analyze construction cost estimates and economic damages associated with the lost use of exterior signage.