While the cost of the hospital is not known at this time, the expected funding model is as follows.
The provincial government funds 90% of the cost of hospital construction and 100% of the planning costs.
The community's portion of funding (shared by the Lakeridge Health Foundation, Regional Municipality of Durham and the local municipalities) is the remaining 10% of the construction cost, and 100% of the equipment, technology, land and servicing costs. These costs to the community are known as the "local share".
As an example, the most recent Cortellucci Vaughan Hospital had a total project cost of $1.7 billion of which the provincial share was $1.3 billion. The balance was the local share of which the Region of York contributed $143 million and the City of Vaughan contributed $86 million for the purchase of land.