Northwest BC taxpayers will kick in just under $114 million for the replacement of Mills Memorial Hospital.
The North West Regional Hospital District says a financing agreement reached earlier this month will see it cover 30% of the projected cost of nearly $380 million to replace the aging facility, but no more than that.
The district’s contribution is capped at $113.7 million according to information released by the board Wednesday.
The hospital district says the tax increase associated with funding the new facility will work out to just over $31 per year, per $100,000 of assessed value from 2017 to 2024.
A home assessed at $250,000 will pay $165 in 2018 and $242.88 by 2024 for both the hospital replacement and the hospital district taxes combined.
Health Minister Adrian Dix announced the province was moving forward with the hospital replacement earlier this month.
