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Penticton hospital tower cost $312.5 million

Funding for David E. Kampe Tower came from numerous sources
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It cost plenty of money to build the David E. Kampe Tower at the Penticton Regional Hospital.

The total cost of the project is $312.5 million.

Funds came from the province, the Okanagan-Similkameen Regional Hospital District, Interior Health and the South Okanagan Similkameen Medical Foundation.

READ MORE: ‘Great day’ for public health care in Penticton

READ MORE: Video: 100 days until the David E. Kampe Tower opens

How much money is $312.5 million?

A lot.

That’s the same as the value of 650 houses in Penticton, at a cost of $481,000, the latest average assessed value according to B.C. Assessment.

Or, put another way, a worker earning $15 after taxes and working 40 hours a week would have to work for 10,000 years in order to earn $312.5 million.

The 84-bed hospital tower will open to patients on April 29.

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John Arendt

About the Author: John Arendt

John Arendt has worked as a journalist for more than 30 years. He has a Bachelor of Applied Arts in Journalism degree from Ryerson Polytechnical Institute.
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