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November 10, 1998
Mayor Lastman gives Yonge-Dundas Project a boost
  
Elevated in a City of Toronto fire truck, Mayor Mel Lastman and City Councilor
Kyle Rae will help put some finishing touches today on a mural trumpeting the
arrival of the Yonge-Dundas regeneration project. The mural, located at 291 Yonge Street, is on the
site that will become Toronto's first major public square since the creation of
Nathan
Phillips Square.

"We're all tremendously excited about this project and want everyone to know it
is going to be a reality," said Mayor Mel Lastman. "When it's finished, it's
going to make Yonge and Dundas the place to be. It's going to make the
greatest city in the world even greater!"

The public square is planned for the south-east corner of Yonge and Dundas. An
international architectural competition for the design of the one-acre square
is currently underway. The square will be surrounded by 67,000 square feet of
new street-related retail stores framing the three sides of the square. Below
the square will be 250 new parking spots.

The project, being developed by Penequity Management Corporation of Toronto,
also includes the creation of a giant entertainment centre, slated for the
north-east corner. The centre, dubbed Metropolis, will include restaurants,
stores and a state-of-the-art, 30-screen theatre complex.

"This project is just what the doctor ordered for downtown Toronto," said
Councilor Kyle Rae. "It has brought together the talents of businesses,
community organizations, Ryerson Polytechnic University, and the staff of the
City of Toronto to lay the foundation for a downtown
renaissance."

Construction of the public square will begin in January 1999.


Media Contact
Jim Warren
Mayor's Office
(416) 395-6482

 

 

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