- Details
- By Brian Edwards
- Finance
Redding Rancheria has secured $80 million in senior secured credit facilities from KeyBank to help finance construction of its planned $230 million Tribal Health Village in northern California, according to transaction details released by the lender.
The financing closed April 14 and was arranged by KeyBanc Capital Markets and Key Government Finance, which served as sole lender and structuring agent for the deal. The proceeds, combined with tribal equity contributions, will support development of the 185,000-square-foot healthcare and wellness campus, which broke ground in March 2025 and is expected to open in 2027.
The project marks one of the larger tribally led healthcare developments underway in California.
The Tribal Health Village will be built on tribally owned land near Clear Creek and State Route 273, adjacent to Win-River Resort & Casino.The new campus will consolidate several existing tribal health facilities into a single healthcare and wellness center.
“This is about meeting the healthcare needs of the next 60 years for our tribe and the broader community,” Glen Hayward, executive director of Redding Rancheria Tribal Health Systems, said during the project’s groundbreaking ceremony in March 2025.
According to project materials released by the tribe and KeyBank, the project will include an 80,000-square-foot outpatient clinic providing primary care, dental, behavioral health and pharmacy services, along with an 89,000-square-foot wellness center featuring pools, fitness facilities and community spaces. The campus also will include walking trails, nature gardens, senior nutrition services and communal gathering areas.
During a March 2026 tour of the project reported by KRCR in Redding, tribal officials said the wellness center also would include spa services, saunas, yoga and Pilates classes, and that the campus is intended to integrate Western, traditional Indigenous and Chinese medicine as part of a broader focus on preventative care.
The health system currently serves more than 12,000 Native and non-Native patients. Tribal officials said the new campus is expected to expand capacity to more than 22,000 patients, including Medicare, Medicaid and Partnership HealthPlan of California beneficiaries.
The project is being built by Layton Construction, a Sandy, Utah-based general contractor, and designed by LPA Design Studios, an Irvine, Calif.-based architecture and engineering firm.
KeyBank said the transaction represents the second financing completed by its Native American Financial Services team backed solely by healthcare revenues.
