Palm Coast Secures $31 Million Hospital Investment, More Than 100 High-Paying Jobs

At its July 21, 2026, business meeting, the Palm Coast City Council and State Road 100 Community Redevelopment Agency (CRA) Board approved the sale of approximately 8.5 acres of City-owned property to Sanders Trust LLC. The sale advances plans for a proposed $31 million inpatient rehabilitation hospital expected to create new jobs, expand access to specialized medical care, and generate new tax revenue in Palm Coast.

The proposed 36-bed hospital will be leased to and operated by ClearSky Health and is expected to create more than 100 full-time professional jobs with an average annual salary of approximately $75,000. Construction of the facility is projected to generate an estimated $45 million in economic activity.

Once developed, the property is expected to generate approximately $310,000 annually in ad valorem revenue for the State Road 100 CRA through 2034. That new revenue can be reinvested into projects and improvements within the CRA, creating benefits beyond the hospital site itself.

“This is a tremendous win for Palm Coast residents and a strong example of City Council’s commitment to creating high-quality jobs while strengthening our tax base,” said Community Development Director John Zobler. “This project turns previously blighted property into a major private investment that will expand access to specialized health care and generate revenue that can support continued improvements throughout the State Road 100 corridor.”

ClearSky Health provides specialized care for patients recovering from strokes, heart attacks, brain and spinal cord injuries, orthopedic conditions, cancer and pulmonary conditions. The company operates 16 inpatient rehabilitation hospitals nationwide, including facilities in Lecanto and Lake City, Florida.

The project marks the next chapter in a redevelopment effort that began when Palm Coast established the CRA in 2004. The City acquired aging residential properties in the former Whispering Pines subdivision, removed deteriorated structures, abandoned wells and septic systems, and assembled approximately 8.5 acres for future redevelopment.

Once the land acquisitions are complete, the proposed hospital will proceed through the City’s standard development review and permitting process.

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