Oakville council has approved funding the new hospital. Oakville will contribute $200 million to Halton Healthcare Services (HHS). The contribution includes:
- $130 million payment due when the hospital is open and operational in 2015
- $40 million paid over the next 30 years
- $30 million paid at the project’s financial close (only if deemed necessary by the council at that time)
All councillors approved the funding except Ward 3 Town and Regional Councillor Keith Bird and Ward 2 Councillor Cathy Duddeck.
[Read more...]
