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August 4, 2000
Council supports waterfront proposal
  
At the August 3rd meeting, Toronto City Council endorsed the recommendation of
the Policy and Finance Committee to accept in principle the development
proposal of the Toronto Waterfront Revitalization Task Force.

CAO Michael Garrett said, "Council's decision means we can get down to
developing a work program, timing and budget for further, more detailed
studies. This is an important milestone."

The staff report containing the recommendation achieved unanimous approval by
the Policy and Finance Committee on July 20. The report - called Our Toronto
Waterfront: Building Momentum - contains several other recommendations,
including:

- That City Council request senior staff to develop, in consultation with the
appropriate City agencies, a new Official Plan and Zoning By-law for the
central waterfront that is consistent with the development concept in the Task
Force proposal.

- That City Council adopt principles to guide the development of a waterfront
governing body, including accountability, financial protection to the City, a
public input mechanism, the ability to enable private investment and the
ability to implement decisions quickly.

- The federal and provincial governments commit to providing, as a priority,
the proposed $2 billion in bridge financing recommended by the Task Force.

- Alternate roads be completed and significant GO Transit and TTC Union Station
improvements occur before the elevated section of the Gardiner Expressway is
replaced.

- The federal and provincial governments be requested to enter into discussion
with the City to identify strategies to deliver affordable rental housing as
part of the proposed waterfront development.

For copies of the report and amendments please visit the City's Web site.


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