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Shodair receives $52 million bond to build new facility

Shodair receives $52 million bond to build new facility
Posted at 7:31 PM, Nov 19, 2020
and last updated 2020-11-21 11:17:47-05

The Montana Department of Commerce announced November 19th, 2020, 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. The CEO 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,” says Craig Aasved, the CEO of Shodair. “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."

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.