RE:RE:The Shorters Love To Have Fun With This Thinly Traded Stock Clearly, the government of Ontario knows they desperately need Sienna to keep adding LTC beds. The cost increases will have to be included. I am betting Sienna has some cost increase guarantees already in the plans.
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- LTC Redevelopments Supported by Increase in Construction Funding – In December 2022, the Government of Ontario announced a supplemental increase to the construction funding subsidy for eligible projects of up to $35 per bed, per day over 25 years for projects with a construction start by August 31, 2023. Based on this additional funding, Sienna expects to have 480 beds under construction by mid-2023.