Jackson Recovery Center Gets $7M Bond for Construction
(SIOUX CITY, IA) The Woodbury County Board of Supervisors has given its seal of approval. A $7 million bond was granted to the Jackson Recovery Center Tuesday. The money will help build the new child and adolescent recovery facility off West 4th street.
It started out as an idea pairing the passion for helping people with addictions with the yearning to help even the youngest victims recover.
"The Jackson family and the founders of Jackson Recovery centers have always dreamed of having a facility especially designed for kids," said Kermit Dahlen, CEO and President of Jackson Recovery Center.
The idea was put down on paper, a blue print for what was hopefully to come. Now it's a full blown construction site.
"Their dream and my dream is being accomplished as we speak so I'm just terribly excited for everyone," said Dahlen.
The construction crews have prepared the land, now all that's left to do is lay the foundation and start building the structure.
Another piece of the financial puzzle has been added the Woodbury County Board of Supervisors approved the $7 million bond requested for construction. Originally the Recovery Center had only asked for $6 million but the project grew and so did the centers request.
"What it does is it allows us to complete our project as we had designed it. When we designed it we anticipated it was going to be about a 9 and a half million dollar total project it actually ended up being about 11 million dollar project. So to be able to put all the financing together, we needed an additional million dollars in borrowing," said Dahlen.
The additional $4 million will come from the Jackson Recovery Center's reserves and capital campaign funds. The bonds will be paid back over the next 20 years.
The new building is supposed to be finished by 2015, of course the folks at the Jackson recovery center hope that the weather this winter behaves so that it can remain on schedule.
The center will create 25 new jobs and will specialize in crisis and stabilization of teens with severe mental health and addiction problems.