A $40 million gift from the Simon family to Riley Hospital for Children will help finish a new 10-story in-patient building and launch a fund-raising campaign, Riley Children's Foundation announced this morning.
The donation, the largest in the hospital's history, will be announced officially at noon at the foundation's annual luncheon. The announcement will be made by Jackie Simon, a member of the foundation's board of governors and wife of Simon Property Group Chairman and CEO David Simon.
The $475 million, 675,000-square-foot tower is to open in phases beginning in 2009 and be finished by 2013.
It will result in a net gain of 100 beds, and expand emergency room services and an obstetrics unit for high-risk deliveries, among other provisions.