The Crystal Clinic Orthopaedic Center is building a new specialty hospital in Fairlawn.

The 160,000-square foot facility with 60 inpatient beds and 12 operating rooms is expected to open in mid-2020, down the street on Embassy Parkway from its existing outpatient facility. It will also feature an urgent orthopaedic clinic, imaging and other support services.

The hospital will move its services from space it currently leases from Summa Health at St. Thomas Hospital in Akron.

“We spent the first half of 2017 developing a business plan that included the project scope, timeline and projected cost. After much consideration, we selected this location in Fairlawn, close to our existing outpatient locations, because it will be easily accessible for patients throughout Northeast Ohio,” said Ronald Suntken, president and CEO of Crystal Clinic Orthopaedic Center, in a news release.

The project should take 20 to 24 months with move-in an occupancy anticipated by mid-2020, he said. Construction is expected to start in the spring on the facility at 3517 Embassy Parkway.

Crystal Clinic officials were not available for further comment Tuesday evening.

The press release did not list financials for the project, but also on Tuesday night, the Revere Local School Board approved a tax increment financing agreement with the Crystal Clinic.

As part of the agreement with the schools, which still needs to be approved by Fairlawn City Council, the property and building project are estimated to be a minimum of $56 million though Crystal Clinic officials told Revere school officials that the full project, including equipment could top $90 million.

As part of the agreement, Revere will receive 50 percent of property taxes based off that $56 million, estimated to be $460,000 per year for the first 10 years. After year 10, the schools will receive $920,000 a year. Revere Superintendent Matthew Montgomery said the district will also receive an incentive payment of $250,000, made before June 30.

“The Revere school district is excited to partner with the Crystal Clinic and the city of Fairlawn to ensure that the Clinic stays in the community for years to come,” Montgomery said. “The support they’re able to offer the community in terms of patient care is expanding as well as increasing the financial stability of the district,” he said.

Fairlawn Mayor William Roth, reached at home Tuesday evening, said Akron and Fairlawn will get an equal share of income tax revenue from the new hospital because the property is in a tax-sharing district.

“It’s a huge investment,” Roth said.

Crystal Clinic Chairman of the Board Dr. Gordon Bennett said the clinic was proud to be “owned by local physicians who are focused on optimally serving our patients’ needs.”

The Clinic has been leasing space from Summa Health inside St. Thomas Hospital in Akron for its inpatient hospital operations. Summa was a part owner of the Crystal Clinic Orthopaedic Center until the health system sold its 49.65 percent stake to an independent, third-party investor in 2014.

The Crystal Clinic Orthopaedic Center joint venture between the doctors and Summa originally planned to construct a six-floor, 72-bed orthopedic facility on the west side of Akron City Hospital on Adolph Street between East Market and Forge streets. However, construction halted in 2009 and never resumed.

Summa spokesman Mike Bernstein said “congratulations to everyone at the Crystal Clinic. We wish them all the best moving forward. Regarding St. Thomas, we are continuing to review future options for the facility, but no decisions have been made.”

Beacon Journal/Ohio.com writer Rick Armon and correspondent Jody Miller also contributed to this report. Medical writer Betty Lin-Fisher can be reached at 330-996-3724 or blinfisher@thebeaconjournal.com. Follow her @blinfisherABJ on Twitter.