A big project, with a big impact: Ottawa’s new hospital to pump billions into the city’s economy

The Ottawa Hospital According to a recent Deloitte report, Dow’s Lake’s planned 2.5 million square foot, $2.8 billion healthcare facility on Dow’s Lake will be a major economic engine for the city.

In addition to injecting nearly $2 billion into Ottawa’s economy, the new hospital will create more than 4,000 full-time jobs over the four-year project, generating approximately $1.24 billion in labor income.

That’s a significant economic boost on top of the project’s other benefits, including the socio-economic benefits of a state-of-the-art facility in the heart of the city, explains Nathalie Cadieux, executive vice president of finance and business development at TOH.

“We know that on average, more than 2,000 craftsmen will be on site every day,” she says. “They are going to spend money on the community. It will boost many local businesses and provide additional income for the residents of Ottawa.”

The report says that every dollar spent on hospital construction will contribute an estimated $0.72 in value-added to Ottawa’s economy and create or maintain about two full-time jobs in the city.

But that’s just the beginning of the new hospital’s future economic impact, which will be felt long after the final construction works are completed.

Already one of the the world’s best smart hospitalsTOH’s new campus will enhance the city’s value proposition as a destination for further investment in health sciences and life sciences, R&D and innovation. A new neuroscience research center, digital health innovation hub and other expanded facilities will house hundreds of basic research scientists, clinical researchers, interns and other research personnel.

Cadieux says the goal is to create a collaborative hub between the private sector, industry partners, researchers and clinicians to develop new products and technologies for the future of healthcare.

Such an emphasis on innovation will help Ottawa brand as a “top destination for talent,” according to Farm Boy partner and Campaign Jeffrey York, Create Tomorrow Executive Committee Member.

“I feel like making Ottawa a top talent destination,” he says, adding that many other cities are unable to further develop their downtown hospital campuses due to an acute lack of space.

“That’s not the case here — we just have this great campus there,” he says. “A world-class facility like this will be a springboard for attracting great research and medical talent to the city and for world-class talent to make Ottawa their home. It will make us a leader in health sciences. And that’s on top of all the health benefits for the local community.”

That’s something Cadieux says that gives her a sense of pride — not just as a TOH employee for many years, but as a citizen of Ottawa.

And that’s thanks to the generosity of the local community through the hospital’s sweeping $500 million fundraising campaign – the Campaign to create tomorrow – that a campus of this size and scale is even possible.

“It will be one of the largest hospitals ever built in Canada, and with that in Ottawa — first and foremost, it will provide critical advanced health services for the region,” she says. “And I know that my future, the future of my family and all of our loved ones will be well cared for in a world-class hospital with world-class services.”

While construction on the new campus will begin in 2024 — and is expected to be completed in 2028 — as Cadieux points out, the hospital’s impact will be felt long after the campus is completed.

“It’s an exciting project for our community, but also very positive for our health professionals, who have been through a lot in recent years,” she says. “I am excited about the future of our hospital.”

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