Assembly OKs bonds for CPH

The Kenai Peninsula Borough Assembly voted on Tuesday to move forward with issuing more than $3 million in bonds to fund a Central Peninsula Hospital project.

The bonds, which were originally proposed to fund medical equipment purchases for the Central Peninsula Hospital in Soldotna, will be extended on short, 8-year terms, according to Kenai Peninsula Borough Mayor Mike Navarre. 

Assemblyman Blaine Gilman objected to issuing the bonds. He argued that because the hospital currently has approximately $13.8 million available in its plant replacement and expansion fund, issuing more bonds would incur unnecessary debt on the hospital. The hospital already has more than $57 million in bond debt, and using unencumbered funds to pay for equipment is more practical, Gilman said.

However, Central Peninsula Hospital CEO Rick Davis supported the bond issuance, saying that because the hospital has multiple significant upcoming capital projects to fund, issuing bonds would be a wiser business move.

Navarre also supported the issuance of bonds, saying the low interest rates make it an opportune time to do so. The assembly unanimously approved the motion. 

The construction on the new building began in May 2014. It is slated to be completed in December.

More in News

People carrying flags and signs line the Sterling Highway for a “No Kings” protest in Soldotna, Alaska, on Saturday, June 14, 2025. (Jake Dye/Peninsula Clarion)
Soldotna ‘No Kings’ protest draws hundreds

The nationwide protest came the same day as a military parade organized at the behest of the Trump administration.

Council member Jordan Chilson speaks during a Soldotna City Council work session in Soldotna, Alaska, on Wednesday, April 9, 2025. (Jake Dye/Peninsula Clarion)
Soldotna council mulls change to meeting time

Meetings would be moved from 6 p.m. to 5:30 p.m. under a resolution set to be considered on June 25.

Mountain View Elementary School is photographed on Thursday, Sept. 29, 2022 in Kenai, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Mountain View vandalized by children, police say

Staff who arrived at the school on Monday found significant damage, according to police.

Gov. Mike Dunleavy compares Alaska to Mississippi data on poverty, per-pupil education spending, and the 2024 National Assessment of Education Progress 4th grade reading scores during a press conference on Jan. 31, 2025. Alaska is highlighted in yellow, while Mississippi is in red. (Jasz Garrett / Juneau Empire)
Dunleavy vetoes education funding to $500 BSA increase

Per-student funding was increased by $700 in an education bill passed by the Alaska Legislature in May.

The entrance to the Kenai Peninsula Job Center is seen here in Kenai, Alaska on April 15, 2020. (Photo by Brian Mazurek/Peninsula Clarion file)
Minimum wage increases to $13 per hour on July 1

Since 2014, Alaska’s minimum wage has increased from $7.75 to $11.91 through the Alaska Wage and Hour Act.

Leads for the Sterling Safety Corridor Improvements Project field questions and showcase their “preferred design” during an open house meeting at the Soldotna Regional Sports Complex in Soldotna, Alaska, on Tuesday, June 10, 2025. (Jake Dye/Peninsula Clarion)
Preferred design alternative for Sterling Highway safety corridor introduced at town hall

The project is intended to redesign and construct improvements to the highway to reduce the number of fatal and serious collisions.

Alaska State Troopers badge. File photo
Recovered remains confirmed to be missing Texas boaters; fourth set of remains found

Remains were recovered from the vessel sank that in Kachemak Bay last August.

Kenai Peninsula Borough School District Superintendent Clayton Holland speaks during a meeting of the KPBSD Board of Education in Soldotna, Alaska, on Monday, Jan. 13, 2025. (Jake Dye/Peninsula Clarion)
KPBSD issues notice of non-retention to pool managers, theater techs and library aides

Those notices were issued due to the ongoing uncertainty in state education funding.

National Guard members put on hazmat suits before entering the simulation area on Monday, June 9, 2025. (Natalie Buttner / Juneau Empire)
National Guard begins exercise in Juneau simulating foreign terrorist attacks

Operation ORCA brings 100 personnel to Juneau, disrupts traffic around Capitol.

Most Read