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April 22, 2009
Build Toronto appoints first CEO
The Board of Directors for Build Toronto today appointed the new corporation’s first Chief Executive Officer.

Following a lengthy and competitive recruitment process, Canadian development executive Lorne Braithwaite was named CEO (biography attached).

“Toronto needs the skill, talent and vision that we will have in the new CEO for Build Toronto,” said Mayor David Miller. “Lorne’s considerable expertise in the private sector will serve the public interest of Torontonians well.”

Build Toronto will engage private and public sector partners in the development of City real estate to unlock the value of the properties, stimulate the creation of desirable jobs, and regenerate neighbourhoods. Through maximizing the development potential of real estate assets, it is anticipated that Build Toronto can generate significant employment and new revenue for the City.

“I’m excited to be part of this new corporation and by the opportunities it presents,” said Braithwaite. “The City of Toronto has a chance to take full advantage of some of its under-utilized assets for the benefit of all Torontonians and I intend to see that happens.”

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Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. 2009 marks the 175th anniversary of Toronto's incorporation as a city. Toronto's government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contact:
Stuart Green, Office of Mayor Miller, 416-338-7119



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