The entire hospital project, including an outpatient clinic, anoffice building and covered parking, is estimated to cost $458million. Of that, the hospital itself will cost $250 million.
Earlier this year, the hospital sold $275 million in bonds tohelp finance the hospital. So far, the hospital has raised morethan $125 million of its $250 million fund-raising goal In additionto the Boettcher grant, the hospital has $55 million in pledgesfrom the hospital board.
Hospital foundation board members and related foundations havemade more than $30 million in pledges in three separate donations.As a result of the donation, the hospital will name its new atriumafter it.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.