Change has already come to this former industrial port area. From the media and film district of Toronto Pinewood Studios to the newer restaurants and pubs, and events like the Cirque du Soleil which attract thousands to its shows, Toronto’s Port Lands are becoming more connected to the rest of the city.
Many challenges and opportunities can be found in this extensive underutilized area of close to 1,000 acres. Located at the edge of Lake Ontario and minutes from the city centre, the port lands are an unprecedented development opportunity.
Toronto Port Lands Company is the largest property owner in the port lands with more than 400 acres in its portfolio. Incorporated in 1986, TPLC manages and leases its properties, supports economic development initiatives, has expertise in sustainable development, environmental stewardship of the port lands and retains and creates employment.
TPLC generates revenues for the City by maximizing the value and economic development potential of properties under its management. The corporation partners with a wide range of both public and private sector partners.
In September 2011, Toronto’s City Council unanimously endorsed a protocol providing a framework for collaboration by the City of Toronto, Waterfront Toronto, the Toronto Port Lands Company and the Toronto and Region Conservation Authority - together responsible for the Port Lands. The protocol incorporates two pieces of work the City views as vital to a review of the Port Lands - specifically, further examination of the Don Mouth Environmental Assessment, and completion of an economic analysis and a business and implementation plan for the Port Lands. The City Manager is expected to report back on the results of the review in six to eight months.
Please visit the Port Lands Consultation website and add your views and comments to the Port Lands Acceleration Initiative at www.portlandsconsultation.ca
The City of Toronto’s long-term vision for the port lands is to create a mixed-use area for Toronto residents, visitors and businesses. We are committed to ensuring the environmental safety of the port lands and the local community as we work to determine the best economic return for the lands, preserve and create employment and contribute to the broader City Building goals of our sole shareholder, the City of Toronto.
