Travis County is raising $100 million in bonds to fund expansion efforts for its special medical district, Central Health, which serves low-income residents. According to the Austin Business Journal, Siebert Williams Shank & Co. has been brought on board to assist with marketing and selling the bonds.
The money will be used towards new clinics including a 116,000-square-foot office complex located in Northeast Austin that will serve as a clinic, pharmacy and detox center for those needing treatment for substance or alcohol abuse; $90 million of the funds raised are allocated towards purchasing and renovating this facility. An additional $10 million is slated toward renovations at Rosewood Zaragosa Clinic in East Austin with completion expected by 2025; this project includes providing 50 beds dedicated specifically to people experiencing homelessness or recuperating after hospitalization.
This bond offering provides Travis County an opportunity to invest into much needed healthcare facilities that can help provide affordable care options within their community while also helping those who may not have access otherwise due their financial situation or other circumstances beyond their control
