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City of Riverton partners with Riverton Medical District to apply for CARES Act Funds

Published: Jul. 23, 2020 at 7:31 PM CDT
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RIVERTON, Wyo. (Wyoming News Now) -

The City of Riverton is partnering with a local medical district to apply for CARES act funding. This is not the first application for these funds that Riverton has submitted, however.

City Administrator Tony Tolstedt said, “So we do have an application in for funding for the city. Most recently the city also chose to partner with Riverton Medical District, which is a nonprofit, that is attempting to build a new hospital in Riverton.”

The CARES Act funding must be COVID related and meet all the grant requirements for an entity to be eligible to receive the monetary aid.

Tolstedt said they’re hopeful that the funds will be granted for both the city and the medical district’s needs. If the RMD is awarded the grant money, they would still need to have a considerably larger amount of funding to actually build the hospital.

The partnership for the grant application is for a little over 5.2 million dollars. However, the total project cost for the hospital is over 35 million dollars.

SLIB, the State Loan and Investment Board, has been helpful through the process to give the city guidance, Tolstedt said.

“It’s a new process, it’s moving a lot faster than a lot of previous processes simply because there is a deadline on when that money has to be spent by. And because of that it’s moving a little quicker. So we’re learning as we go, building the plane as we’re flying if you will,” stated Tolstedt.

The city and Riverton Medical District is hoping to hear about the decision on their grant applications by Mid-August.

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