Sale of old Pineview Terrace to help fund new facility
Money from the sale of the old Pinevew Terrace Lodge will be used to pay outstanding local funding for capital (infrastructure) investment of the new Pineview.
This decision was approved by the Prince Albert Parkland Regional Health Authority at its Wednesday meeting with one board member, Hugh Otterson, voting against the motion.
There was a shortfall of $284,422 for the new Pineview because some municipalities from the area, both rural and urban, were unable to contribute to the project. That number was paid off in part by Northern Housing Development pre-amalgamation reserves.
“There was two initiatives to make up that shortfall. One of them was the use of pre-amalgamation agreement funds from the Northern Housing of approximately $142,000 and the remainder of that shortfall will come from the sale of Pineview,” said CEO Cecile Hunt following the decision Wednesday.


