Released diagram of what the city’s new hospital might look like once completed. (Contributed photo)

Mills Memorial Hospital financing formula released

Regional taxpayers to pay $113.7 million for new facility.

Northwestern B.C. taxpayers will pay no more than $113.7 million to build the new Mills Memorial Hospital, it was announced this afternoon.

According to the North West Regional Hospital District, which helps finance health care projects and equipment through regional property taxes, the $113.7 million works out to 30 per cent of the projected nearly $380 million cost to replace the current facility which is well past its useful life.

What’s more, the taxation cost to northwest property owners is capped, a release from the district indicates.

This means the provincial government will pay for the remaining 70 per cent, representing a change from the traditional 60 per cent provincial and 40 per cent regional hospital district financing formula.

Financing is over 30 years.

Information also released by the regional hospital district indicates the cost to property owners will be $31.15 per $100,000 of assessed value.

By comparison, the Terrace and area refuse function costs $68.92 a year per $100,000 of assessed value.

The projected cost of the new Mills includes equipment as well as construction with the understanding that some of the newer equipment at the current Mills can be moved over.

Health minister Adrian Dix, speaking at the Feb. 9 announcement in Terrace that construction was going ahead, did hint that a deal had been reached to provide relief to regional taxpayers.

And speaking yesterday in advance of today’s announcement, Dix said he was “delighted” an agreement had been reached.

“It’s great news,” he said.

Just Posted

Terrace users on Facebook post warnings about vehicle break-ins

RCMP say it’s important to always lock your doors

Oil tanker ban to be reviewed by committee

Indigenous groups for and against Bill C-48 travel to Ottawa to influence the Senate’s decision

Supportive housing project delayed until end of winter

Rainy conditions have stalled groundwork for the 52-unit development on Olson Avenue

Tyler Dozzi breaks national record, ‘running like a madman’

Terrace runner sets new time in Boston in his last U20 race

B.C’s salmon advisory council skips Terrace

Public engagement tour excludes all non-coastal communities

Omar Khadr wants changes to bail conditions

‘My life is held in suspension’, says the former Guantanamo Bay detainee

Lions announce seven members of coaching staff not coming back for 2019

The operational moves come two days after the Lions announced DeVone Claybrooks as the team’s new head coach

$12K awarded to atheist family who oppose Christmas, Hanukkah in B.C. classroom

Gary Mangel,May Yasue said holidays, Remembrance Day and Valentine’s Day not appropriate in preschool

Coach accused of sexual assault says apology letter was misinterpreted

Dave Brubaker has pleaded not guilty to one count of sexual assault and one count of invitation to sexual touching

Give the gift of nature this holiday season

Please don’t be mad, but I bought you a moose

Aboriginal poet faces backlash for calling out NHL-themed totem poles

Rebecca Thomas says she received backlash for asking a drugstore chain to remove NHL merchandise

No plans yet for free WiFi on BC Transit buses

BC Transit says they are monitoring the roll-out of free WiFi on Translink vehicles

Some Kotex tampons recalled in Canada and U.S.

In some cases, tampon users sought medical attention “to remove tampon pieces left in the body.”

Sex-assault squad investigated eight incidents at Toronto all-boys’ school

The interim president of a Roman Catholic all-boys school rocked by student-on-student abuse allegations said the football program was cancelled for next year.

Most Read