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Shodair receives $52M bond to build new facility

Shodair receives $52M bond to build new facility
Posted at 12:56 PM, Nov 20, 2020
and last updated 2020-11-20 14:56:40-05

The Montana Department of Commerce announced Thursday that it has completed a bond sale worth more than $52 million to help finance the construction of a new facility for Shodair Children’s Hospital.

The bond issuance by the Montana Facility Finance Authority will support a new facility in Helena, which will include 82 private rooms and allow Shodair staff to treat more patients in a healing environment.

Shodair Children's Hospital CEO Craig Aasved says this has been a long time coming.

“We have out-lived our existing facility, which was, as a reminder to everybody, a bowling alley and a bar, and we made it work for a long period of time,” Aasved said.

“Now, we are just at that conjecture where kids deserve better, they deserve private rooms. The new building also provides a lot more flexibility and safety," he added.

The hospital expects that the new facility will be completed in the summer of 2023.

A public celebration for Shodair’s building project is planned in May 2021.