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.