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June 13, 2002
Action plan charts cultural, heritage and employment rejuvenation of Old Town Toronto
Economic Development - The South East Downtown Economic Redevelopment
Initiative (SEDERI) will unveil its Old Town Toronto Revitalization Action Plan
this evening. The plan aims to rejuvenate the cultural and historical
significance of one of Toronto's most historic areas. The release of the plan
marks the culmination of a 10-month consultation process that is led by the
SEDERI steering committee, funded by Human Resources Development Canada (HRDC),
supported by Toronto Economic Development and facilitated by Susan Cumming of
Cumming & Company.

The plan outlines how the Old Town's historic buildings and landscape have the
potential to anchor a unique framework for rejuvenation that will make the area
from Yonge Street to the Don River, and Queen Street East to the Lakeshore
railway corridor, a unique live/work space where local arts, culture and
heritage can be enjoyed by residents and visitors alike.

The Old Town Toronto Revitalization Action Plan's key areas of focus are:
· Job creation and local labour market connections
· Tourism development
· Heritage development
· Physical improvements and place-making
· Community identification, linkages and area promotion
· Services to support residential growth and business expansion.

"The Old Town is already a thriving and desirable residential area and there's
been a corresponding increase in commercial use, as well. The action plan is an
important road map for a thoughtful rejuvenation that will contribute to
Toronto's strong economic growth in the business services and new economy
sectors," noted Brenda Librecz, Managing Director of Toronto Economic

Edward Nixon, Interim Chair of SEDERI, commented that "our plan is the Old
Town's first co-ordinated strategy to address the rejuvenation of the area as a
whole. We expect that the plan will assist us to make strong visible
connections to give our community a unique sense of place for everyone who
visits, lives or works in the area."

Nixon stressed that while the document provides a solid framework for
revitalizing the Old Town, the undertaking itself will require continued
collaboration between community stakeholders, the local business community, the
City of Toronto and other levels of government.

The Old Town Toronto Revitalization Action Plan is available by calling Edward
Nixon at 416-947-9330.

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