NEW YORK (AP) — New York Gov. Andrew Cuomo is announcing an agreement on the future of Brooklyn's financially troubled Long Island College Hospital.
Under the agreement announced Thursday, an expedited bidding process will be used to find a new owner for the property.
The State University of New York board oversees the hospital and has been trying to close it and sell it.
Opponents including Mayor Bill de Blasio have said any new owner must continue to run a full-service hospital at the site.
The new agreement will allow SUNY to cease operating the hospital by this May. Cuomo said the hospital has been losing an "unsustainable" $13 million a month.
De Blasio said proposals for the future of the hospital must ensure that the health-care needs of the community are met.