The Finance and Economic Development Committee will hear the hospital’s request at its meeting on Tuesday, May 3.
The Ottawa Hospital (TOH) is asking for more funding from the City as it proceeds with the development of the new Civic Campus.
On Tuesday, May 3, the City’s Finance and Economic Development Committee will hear the hospital’s request for a one-time municipal contribution of up to $150 million to help continue construction of the $2.8 billion project. dollars on Carling Avenue near Dows Lake.
TOH’s new Civic Campus will be “Canada’s largest modern teaching and research hospital and a place where patients receive world-class care,” the committee will hear. “Highly specialized emergency and trauma services will treat the most complex adult injuries and illnesses for patients in Eastern Ontario, Western Quebec and Nunavut.
The report says the project will “significantly” boost Ottawa’s economy and, according to Deloitte, the project will inject nearly $2 billion into the local economy, contribute $1.24 billion to the labor income of Ottawa and will “create or maintain” approximately 4,000 full-time equivalent jobs each year.
However, the report says the funds will not be needed until “substantial completion” of the new site in 2028, and that any funds generated in advance will be held in reserve.
Most of the cost (90%) of the new campus will be paid for by the Government of Ontario, or $2.1 billion.
The Ottawa Hospital Foundation and the hospital are responsible for paying the remaining costs.
Earlier this week, TOH’s foundation launched a fundraising campaign for those costs with a reading goal of $500 million.
Construction of the hospital parking lot is expected to begin this year, with the new campus expected to open in 2028.
– With files by Anil Jhalli of CityNews