port lands toronto

Over $1 billion invested in revitalizing Toronto waterfront

Toronto's waterfront is about to get a big influx of cash thanks to all three levels of government.

At a press conference today, Prime Minister Justin Trudeau, Premier Kathleen Wynne and Mayor John Tory announced they'd be giving $1.185 billion to Waterfront Toronto.

This money will go towards flood protection, cleaning up contaminated soil, which according to a news release, "will help lay the groundwork to transform the underused industrial area into a vibrant and resilient downtown neighbourhood."

The federal government will contribute $384 while the province and city will each put more than $400 million into the project. In September Toronto got $65 million to start protecting and cleaning up the Port Lands.

The Port Lands Flood Protection should take seven years to complete, but will open the area to grand redevelopment plans that can only fully proceed after the existing environmental issues are addressed.

Lead photo by

twurdemann


Join the conversation Load comments

Latest in City

Ontario confirms 211 new COVID-19 cases and two more deaths

Toronto convenience store worker wonders why Ontario hasn't shut down the lottery

Staff raise concerns about ServiceOntario location still open during COVID-19 crisis

Ontario limits size of social gatherings to a maximum of 5 people

Ontario reports more than a thousand total confirmed cases of COVID-19

Ontario increases fines for price gouging to $100k and a year in jail

Husband and wife are offering free appliance repair service in Toronto during COVID-19

Toronto Public Library loans 3D printers to hospital to make face shields for healthcare workers