Mead Valley Wellness Village
California Enterprise Development Authority issues $517,030,000 in Revenue Bonds for the Construction of a New Behavioral Health Campus in Riverside County
The California Enterprise Development Authority (CEDA) is pleased to announce that it closed the issuance of its $517,030,000 Lease Revenue Bonds (Riverside County – Mead Valley Wellness Village Project) Series 2024A and B (Bonds) for the benefit of Riverside County. The proceeds of the Bonds will be used to construct a 450,000 square foot behavioral health campus with five main buildings: a Community Wellness and Education Center, a Children’s and Youth Services building, Urgent Care Services, Supportive Transitional Housing, and Extended Residential Care. Services to the Riverside community will be delivered via three major programs: Mental Health Services, Substance Use Services, and a Public Guardians’ office.
Services will include outpatient mental health services, short-stay treatment mental health programs, residential treatment programs (adult and children), recovery residences, supportive housing, utility buildings, and related amenities. The County expects the project to receive LEED Silver certification. The construction of the project is being undertaken by P3 Riverside Holdings, LLC, PMB Mead Valley LLC, and Snyder Langston, LLC.
The financing structure for the project includes a lease-leaseback structure between Riverside County and an experienced developer consortium. Once completed, the facilities will be operated by Riverside University Health System–Behavioral Health (RUHS-BH), a county agency. The time and resource contribution of many agencies shows how partnering organizations can unite against a common problem in their community.
The facility is anticipated to open in late 2026, is estimated to have an annual impact of more than $78 million and will lead to more than 800 jobs.