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[VIDEO] Vested Interest


Pension Funds Create Magic

The old building that housed the Elizabeth Seton Pediatric Center in lower Manhattan was crowded by skyscrapers. The interior was dark and cramped and devoid of natural light.

“The space we were in wasn’t meeting the needs of the children, each of whom has multiple chronic illnesses,” says Pat Tursi, CEO of the center. The Manhattan facility was designed based on more of a custodial care model—and when the center had to find a new space, it found a new opportunity.

The center found space on a former golf course in Yonkers, N.Y., and the new facility was built quickly and efficiently with union labor. More than 80...