J.B. Hunt Transport Services Inc. is giving $5 million for construction of the Arkansas Children's Northwest hospital, according to a news release Thursday.
“The significance of this gift is profound ─ it underscores three decades of history J.B. Hunt has with Arkansas Children’s Hospital as well as its tireless commitment to ensuring Northwest Arkansas continues to be one of our nation’s most flourishing communities,” Marcy Doderer, president and CEO of Arkansas Children’s Hospital, said in the news release.
The estimated construction cost is about $167 million for construction, equipment and technology costs.
Arkansas Children’s Hospital Foundation, the fundraising arm for the hospital, has a goal to raise $70 million for the project, Montague has said.
Arkansas Children’s Hospital leaders in August announced plans to build a 24-bed, 225,000-square-foot hospital near Arvest Ballpark on land donated by Gary and Robin George and David and Cathy Evans.