Cost Estimates of the Models

Updated January 29, 2016

The projected cost of building each of the redevelopment models has been reduced based on revisions made to the Pre-Capital Submission in October 2015 that require reduced space needs.  These most recent cost estimates reflect reduced square footage that was necessitated by North Simcoe Muskoka LHIN direction to reduce the number of beds associated with the Complex Continuing Care and Acute Integrated Stroke Rehab programs.  Further analysis and refinement of the estimated costs of the models is part of further capital planning stages.

The cost estimates demonstrate the projected approximate Local Share to be raised by the community.  This is made up of 10% of the capital build (required by the Ministry of Health and Long-Term Care) plus up to an additional 14% for other non-funded capital requirements (ie: furnishings & equipment).

The high-level cost estimates in the table below were based on an updated cost consultant report, revised in January 2016.

 ModelSquare FeetTotal Redevelopment CostApproximate Local Share (24%)
 2 "Full Service" Acute Care Sites
(Not Status Quo)
 412,363 $475,479,414 $114,115,059
 Centres of Focus (Hybrid) 355,558 $365,852,176 $87,804,522
 One Hospital (Central Location) 302,107 $348,985,661 $83,756, 559