October 23, 2017
Kugluktuk needs $4 million to move ahead on $21.4-million project
CAMBRIDGE BAY—The western Nunavut hamlet of Kugluktuk has a big plan to meet the needs of its community of roughly 1,500 people: a 24-bed long-term continuing care centre that would take in elders who require extended care or who suffer from dementia.
But the project promoters need to pin down $4 million by the end of this month so they can firm up other financing for the $21.4-million building they hope to start next August and complete by 2019.
The hamlet has already prepared the site for the building and committed $1 million towards the $5.34-million down payment they must negotiate for a pre-construction mortgage.