FINANCIAL_SERVICESPENDING

City Plans $15M Milestone Campus Funding Deal

The City of Orillia is proposing a campus partnership with Lakehead University to provide up to $15 million over ten years for a new Orillia academic building, with payments tied to defined milestones. In return, Lakehead would commit to retain and develop its remaining campus lands exclusively for university use.

Status
PENDING
Document date
August 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lakehead University
Agency
City of Orillia · Canada

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $15 million over ten years
Contract type
FINANCIAL_SERVICES
Contract term
Ten years
Renewal
Non-binding heads of terms; subject to definitive agreement and approvals. No automatic renewal; funding is milestone-based and can be suspended.
Document type
AgendaPacket
Source document
City of Orillia AgendaPacket Special Meeting of Council re Lakehead University Expansion and Orillia Soldiers' Memorial Hospital's Redevelopment Planning Efforts 2026-08-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Orillia?

Lakehead University was awarded this financial services contract by City of Orillia, as recorded on August 5, 2026. The contract value is Up to $15 million over ten years.

How much is the Lakehead University contract with City of Orillia worth?

The Lakehead University contract with City of Orillia is valued at Up to $15 million over ten years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Orillia AgendaPacket Special Meeting of Council re Lakehead University Expansion and Orillia Soldiers' Memorial Hospital's Redevelopment Planning Efforts 2026-08-05 (AgendaPacket), dated August 5, 2026 from City of Orillia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lakehead University hold?

Lakehead University may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Lakehead University's profile

What is City of Orillia currently buying?

Explore City of Orillia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Orillia's profile

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