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September 21, 2005
Proposed Tri-partite Long-Range Funding Plan to Ensure Success of Toronto Waterfront Revitalization
The federal, provincial and municipal governments are taking the critical next
step to complete a long-term, comprehensive funding plan for Toronto waterfront
revitalization. This plan will allow the Toronto Waterfront Revitalization
Corporation (TWRC) to implement many of the projects and priorities identified
by Torontonians.

The City of Toronto's Policy and Finance Committee today recommended for
Council approval a tripartite, long-term funding plan for the revitalization of
the waterfront. Approved by the Government of Canada and the Province of
Ontario earlier this month, the funding plan will now make its way to City
Council on September 28 for consideration. The plan would be another milestone
in a complex yet successful revitalization initiative, and will help advance it
from planning to implementation.

The plan outlines the vision, deliverables, funding requirements and
cost-sharing arrangements for waterfront revitalization over the next 10 year
period, and will provide for the early implementation of parks, public space
and greening initiatives, the development of the East Bayfront and West Don
Lands precincts, and improvements to the water's edge and Martin Goodman Trail.

"The Government of Canada is committed to the revitalization effort, and is
proud to collaborate with the province, the city and the TWRC on such a
critical initiative for Toronto," said Joe Volpe, Minister of Citizenship and
Immigration, and Minister responsible for the Toronto Waterfront Revitalization
Initiative. "This funding plan will help ensure that the momentum continues,
and that the vision of a revitalized waterfront at the heart of Canada’s
international city remains in sight."

"The McGuinty government sees this long-term funding as part of our plan to
strengthen Toronto by moving from planning to implementation to successfully
develop the city's waterfront," said David Caplan, Minister of Public
Infrastructure Renewal. "A thriving, prosperous waterfront where people can
live, work and play will act as the signature calling card for the city, the
province and our country."

"Having agreement among all three governments allows Toronto City Council to
move forward with real change on the waterfront," said Mayor David Miller. "We
finally have a clear agenda for how we will invest in new parks, public
attractions and neighbourhoods all along the shoreline."

"We are very pleased to see tri-government collaboration on a long-term funding
plan. Multi-year funding will mean that the TWRC can begin to develop the major
parks and new waterfront communities that we are keen to deliver to the
public," said Robert Fung, TWRC Chair.

Work is already underway on a number of waterfront initiatives including the
development of the West Don Lands, construction of the Western Beaches
watercourse, clean-up and greening improvements in the Port Lands and the build
out of parks on the Leslie Street Spit and the Port Union waterfront.

Media contacts:

Stephen Heckbert
Director of Communications
Office of the Minister of Citizenship and Immigration

Wilson Lee
Senior Communications Advisor
Office of the Minister of Public Infrastructure Renewal

Patchen Barss
Office of the Mayor
City of Toronto



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