In an internal exchange email sent this morning (included below) to employees of Trinity Health, hospital administrators released revised cost estimates of the new medical campus under construction in Southwest Minot.
The project, which is now being managed by JE Dunn Construction, has been plagued by contractor turnover as well as a construction-stopping explosion in March of 2019. All that was before challenges associated with COVID-19 arose earlier this year.
Initially expected to cost $350 million, today’s email references a revised cost for the medical campus estimated to “… eclipse $500 million, up from first estimates of roughly $400 million.”
Of course, a shortfall of more than $100 million invites the question — where will the difference come from? To that, Trinity Community Relations Coordinator, Mary Mulbradt, shared in a request for comment that the shortfall was expected to be made up through, “external borrowing, interest earnings, and support from the Trinity Health Foundation.”
A revised completion date was also included in the email. Initially scheduled to be finished in 2021, the various challenges will now delay the move-in date until the end of 2022. A copy of the email shared with Trinity employees can be viewed below.