Fundraising efforts to help build a brand new hospital in Livingston has officially past the half-way mark, keeping construction plans on schedule for an October 2015 opening. The fundraising campaign, led by the Livingston HealthCare foundation, hopes to raise 10 million dollars to help pay construction costs on the new 125,000 square foot hospital. Livingston HealthCare hopes they can raise the targeted $10 million by that time.
The total cost of the new, two-story hospital will cost around 43.5 million dollars. The cost may have been more, had the land its being built on not been donated. The Livingston Hospital has secured 36 million from a low interest loan financed by the Department of Agriculture and can help complement their funds with $500,000 in funding from hospital reserves. However, the last 10 million, as mentioned, will need to be fundraised from anyone willing to help an important cause.
The fundraising campaign seeks 7 million to cover the remaining costs for building and equipping the hospital, along with 3 million extra to cover unforeseen costs. As of now, more than 5 million has been pledged.
Currently, construction is ongoing, on budget and on schedule for an October 2015 opening.
A new hospital in Livingston would bring a lot of benefits to current and future residents in the area. For those looking at homes for sale in Paradise Valley and the surrounding Livingston area, having larger, better hospitals to treat patients can help alleviate the worry of potential emergencies. Now, the twenty minute drive to Bozeman Deaconess may not be necessary for bigger health issues. Experts from Billings and Bozeman can also visit easier with the additional space.
In addition to the obvious benefits of a new hospital for Livingston homeowners, Livingston HealthCare is currently Park County’s largest employer. Improving the local facilities will only continue to attract the best and brightest to the area, while keeping those already working there, more than satisfied.
Hart Real Estate Solutions