Agencies, Boards, Commissions and Corporations (ABCCs) > Ontario Business Corporation Act (OBCA Corporations) > OBCA Partnered Corporations
Waterfront Toronto Board of Directors
(formerly Toronto Waterfront Revitalization Corporation)
City of Toronto - Toronto Waterfront Project Secretariat
The City of Toronto's Waterfront Project Secretariat leads and directs the City's participation in the revitalization of Toronto's waterfront.
The Toronto waterfront revitalization initiative is the $17-billion, long-term plan for environmental improvement, rejuvenation of economic activity and overall improvement of quality of life through development of Toronto's waterfront.
In 2001, the City of Toronto, the Province of Ontario and the Government of Canada created the Toronto Waterfront Revitalization Corporation (now known as Waterfront Toronto).
Waterfront Toronto's overall corporate objectives include:
- implementing a plan that enhances the economic, social and cultural value of the land in the designated waterfront area and creates an accessible and active waterfront for living, working and recreation, and to do so in a fiscally and environmentally responsible manner
- ensuring that ongoing development in the designated waterfront area can continue in a financially self-sustaining manner
- promoting and encouraging the involvement of the private sector in the development of the designated waterfront area
The board of directors is responsible for supervising the business and affairs of the Corporation, including pursuing the following objectives:
- developing accessible new waterfront communities that offer a high quality of life for residents and visitors alike
- attracting innovative, knowledge-based industries to the Portlands
- engaging the community as an active partner in revitalization
- developing strategic partnerships to attract private sector investment
Term of office
The Toronto Waterfront Revitalization Corporation Act, 2002, allows for the term of office of a board member to be determined by the body that appoints the member, but such term may not exceed three years.
The term for the City of Toronto's citizen appointees is two years with a renewal term of two years (without recruitment, with full recruitment every four years).
Note: The term of the 3 citizens (City of Toronto appointees) currently serving on the board is October 1, 2009, until October 1, 2012.
Under the Toronto Waterfront Revitalization Act, as amended, the board is comprised of a maximum of 13 members:
- 1 citizen Chair, jointly appointed by the three orders of government
- a maximum of 4 citizen members appointed by the federal government
- a maximum of 4 members, including up to one elected official, appointed by each of the City and the provincial government
The City of Toronto currently appoints 3 citizens and the Mayor to serve on the board.
Approximately monthly, or at the call of the Chair.