December 6, 2001 — Governments Appoint Board of Directors of Toronto Waterfront Revitalization Corporation

Board of Directors, Toronto Waterfront Revitalization Corporation
Toronto Waterfront Revitalization Corporation
Waterfront revitalization chronology

The Government of Canada, Province of Ontario and City of Toronto today announced the membership of the Board of Directors of the Toronto Waterfront Revitalization Corporation, headed by Mr. Robert Fung. Each government selected three citizen members, who will serve on the Board for a period of up to three years.

The federal government appointees are:

• Marilyn Knox, President, Nutrition of Nestlé Canada Inc.
• Peter Smith, President and Co-owner of Andrin Limited, a large developer/builder of affordable housing in Canada, and Chairman of the Canada Mortgage and Housing Corporation
• Robert Wright, the Past Chair and a current Director of the Toronto Port Authority.

The provincial government appointees are:

• Bill Farlinger, Chairman, Ontario Power Generation Inc.
• James Ginou, Chairman, Ontario Place Corporation and Director, Toronto Port Authority
• Ralph Lean, Senior Partner, Cassels Brock & Blackwell LLP and Director, Olympics 2008-Toronto

The City of Toronto appointees are:

• Murray Chusid, Director, Toronto Port Authority and President, Toronto Philharmonia
• Tony Dionisio, Business Manager, Universal Workers Union, Local 183
• Mark Wilson, Chair, Toronto Region Conservation Authority's Don Watershed Regeneration Council and Client Solutions Executive, IBM.

"These appointments bring energy, commitment and professionalism to the revitalization of Toronto's waterfront," said David Collenette, Minister of Transport. "Their direction will help drive existing projects and bring into existence a renewed and vibrant waterfront."

"The corporation will be a catalyst for strengthening Toronto's international competitiveness and for creating high-quality jobs and dynamic new neighbourhoods in the waterfront area," said Jim Flaherty, Deputy Premier and Minister of Finance of Ontario.

"This is a major step towards the realization of our waterfront vision," said Mayor Mel Lastman. "Our plans to revitalize Toronto's waterfront are gaining momentum and this board has the skill and experience to turn our plans into action."

Renewing Toronto's waterfront represents an investment in the future of Canada's largest city and an important means of achieving key environmental, housing, transit, transportation and economic objectives. The corporation, jointly supported by the three governments, will oversee all waterfront revitalization projects. Infrastructure and renewal projects will be funded from the $1.5 billion in waterfront redevelopment investment announced by Prime Minister Jean Chrétien, Premier Mike Harris and Mayor Mel Lastman in October, 2000.

Earlier this year, the three governments reached an agreement to enable the corporation to proceed with four initial projects worth $300 million. These projects include the extension of Front Street west of Bathurst to Dufferin Street and the Gardiner Expressway, a second platform for Union Subway Station, an environmental assessment of plans to transform the mouth of the Don River and soil remediation in the Port Lands.

The corporation will also be preparing a long-term development plan and business strategy for waterfront renewal. The development plan will be completed in conjunction with the City's precinct plans for the central waterfront. Both the development plan and business strategy will be subject to the approval of the three levels of government.