X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Children’s Hospital, which plans to move from the Uptown neighborhood outside of the Central Business District to the new health science center in the former Army hospital at Fitzsimons in Aurora, is getting $5 million from the Boettcher Foundation for the new hospital building. It is the largest single grant by the Boettcher Foundation and the largest single donation for the hospital project.

The entire hospital project, including an outpatient clinic, an office building and covered parking, is estimated to cost $458 million. Of that, the hospital itself will cost $250 million.

Earlier this year, the hospital sold $275 million in bonds to help finance the hospital. So far, the hospital has raised more than $125 million of its $250 million fund-raising goal In addition to the Boettcher grant, the hospital has $55 million in pledges from the hospital board.

Hospital foundation board members and related foundations have made more than $30 million in pledges in three separate donations. As a result of the donation, the hospital will name its new atrium after it.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.