The City of Brampton will be presenting a cheque in the amount of $40M to William Osler Health System on Wednesday, July 6, 2016. This is the first installment of the city’s $60M commitment towards the new Peel Memorial Centre for Integrated Health and Wellness.
Mayor Linda Jeffrey is inviting residents to Council Chambers for 9:30am on Wednesday to share in the presentation. Plan on arriving early if you hope to get a seat in council chambers as space is very limited.
When: Wednesday, July 6th at 9.30 AM
Where: 4th Floor – City Hall Council Chambers, 2 Wellington Street W, Brampton
The project funding for the new Peel Memorial follows the DBFM model – Design, Build, Finance and Maintain. This is a Government of Ontario model for financing large public infrastructure projects where the private sector is responsible for the design, construction, financing and long-term maintenance of Peel Memorial. Osler will pay for the project over a 30-year term once the building is considered substantially complete. Peel Memorial will remain publicly owned, publicly controlled and publicly accountable.
As with all hospitals in Ontario, the project construction costs are shared 90/10 between the province and local community. The City of Brampton has pledged $60M as the local community’s 10% share. In addition, the community is also responsible for 100% of the equipment costs for Peel Memorial. Many community groups, including Brampton Focus are running fundraising events to help support these additional costs.