Philadelphia, with the nation’s largest concentration of health care resources within a 100-mile radius—including America’s first hospital, founded in 1751 by Benjamin Franklin—has long provided a vigorous market for architects working in the health-care sector.
But in the past year, Mark Hebden, executive vice president of EwingCole, a local architecture and engineering firm, has watched as these types of projects have dried up due to a lack of funding. “Health care and academic institutions are seeing their endowments fall,” he says, “and thus the ratio of debt they can take on for building projects is falling as well.”
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