Waterloo Region and Guelph hospitals made $8.35M off parking since 2012
Cambridge, Kitchener and Guelph hospitals say parking profits prop up the system
The latest financial data obtained by CBC News fromCambridge Memorial Hospital,GuelphGeneral Hospital and Grand River Hospital suggest hospital parking is a lucrative business.
Over the last three years, all three major hospitals in the area made a combined $8,357,965in profits from parking fees over a three year periodfrom 2012 to 2015.
It's no small sum and local hospital administrators are quick to point out that all the proceeds are put right back into a system that's squeezed for cash.
In January, the Liberal government announced it would give hospital visitors a break on parking starting Oct.1, cutting rates in half wherever hospitals charge a daily rate of more than $10.
Cambridge Memorial Hospital
| Fiscal year | 2012-13 | 2013-14 | 2014-15 |
| Visitor parking revenue | $659,940 | $765,839 | $853,557 |
| Staff parking revenue | $439,054 | $431,713 | $457,450 |
| Total parking revenue | $1,098,994 | $1,197,552 | $1,311,007 |
| Total parking costs | $872,036 | $1,077,210 | $915,093 |
| Profit | $226,958 | $120,342 | $395,914 |
Guelph General Hospital
| Fiscal year | 2012-13 | 2013-14 | 2014-15 |
| Visitor parking revenue | $756,600 | $770,256 | $752,940 |
| Staff parking revenue | $340,994 | $364,710 | $362,392 |
| Total parking revenue | $1,097,594 | $1,134,966 | $1,115,332 |
| Total parking costs | $537,285 | $608,535 | $594,390 |
| Profit | $560,309 | $526,431 | $520,942 |
St Mary's Hospital
| Fiscal year | 2012-13 | 2013-14 | 2014-15 |
| Visitor parking revenue | $1,135,771 | $1,177,884 | $1,533,534 |
| Staff parking revenue | $312,490 | $327,532 | $338,621 |
| Total parking revenue | $1,448,620 | $1,505,416 | $1,533,534 |
| Total parking costs | $701,521 | $839,845 | $797,388 |
| Profit | $747,099 | $665,571 | $736,146 |
Grand River Hospital
| Fiscal year | 2012-13 | 2013-14 | 2014-15 |
| Visitor parking revenue | not provided | not provided | not provided |
| Staff parking revenue | not provided | not provided | not provided |
| Total parking revenue | $2,287,653 | $2,281,888 | $2,869,128 |
| Total parking costs | $911,989 | $1,080,880 | $1,587,547 |
| Profit | $1,375,664 | $1,201,008 | $1,281,581 |
Grand River Hospital did not immediately provide a breakdown of how much revenue it makes from visitor and staff parking upon request, however the institution did indicate it earned a total profit of$3,858,253 from 2012 to 2015.
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