To cover the shortfall in rental revenues the MUHC ended up redirecting $5.3 million from the hospital network’s operating budgets – money that is supposed to go to care for patients – to cover the deficits, government auditors have found.
In 2006, the Royal Victoria Hospital Foundation acquired the building at 5100 de Maisonneuve Blvd. for $40 million. The MUHC then signed a lease with the foundation to manage the property for 30 years and assumed the risks involved with the building.
Former MUHC CEO Arthur Porter ordered the RVH Foundation to purchase the building from Air Canada, four months after the acquisition he was appointed to the board of directors of Air Canada.
Click here to read the full article at the Montreal Gazette
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