The continued revitalization of Toronto's West Don Lands and East Bayfront neighbourhoods has been big news for some time now.
Waterfront Toronto has poured money into the disused former industrials areas, and today a study by economic research firm urbanMetrics presents the numbers to show just how the investments made by are paying off for the City. Waterfront Toronto is a public entity established to revitalize Toronto's Lake Ontario waterfront with a primary focus on public accessibility, design excellence, sustainable development, economic development and fiscal sustainability.
Since 2001 the orginization invested $1.26 billion in remaking the area: revitalizing industrial land for today's needs does not come cheaply. Today's report shows that the investment is paying off, and much more benefits are still to come. So far $622 million in combined revenue has been generated for all three levels of government. Let's look at the investments and payback more closely. Full article >>>
May 1, 2013 4:00 pm | by Dylan Giuliano
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