The Waterfront Revitalization Corporation (Waterfront Toronto) is a partnered corporation created by the City of Toronto, Province of Ontario and Government of Canada to oversee and deliver the revitalization of Toronto’s waterfront. This long-term initiative is transforming 800 hectares of brownfield lands on Toronto’s waterfront into beautiful, accessible, sustainable mixed-use communities and dynamic public spaces.
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
- Encouraging public input into the development of the designated waterfront area
Waterfront Toronto works in partnership with the City’s Waterfront Secretariat, which oversees waterfront revitalization on behalf of the City, and with community, public and private sector partners to create waterfront parks, public spaces, cultural amenities and diverse and sustainable commercial and residential communities.
Current key projects include the Don Mouth Naturalization and Port Lands Flood Protection, infrastructure for Complete Communities, Quayside development (Sidewalk Toronto) and the creation of new parks and public spaces.
Waterfront Toronto was established in 2001 with $500 million in seed funding from each of the three orders of government. Waterfront Toronto was continued as a partnered corporation without share capital under the Toronto Waterfront Revitalization Corporation Act, 2002 (as amended), which sets out the Corporation’s authorities and accountability.
The Board of Directors of Waterfront Toronto supervises the management of the Corporation’s business and affairs. The Board consists of 13 members appointed by the three levels of government (four members each) and one public member jointly appointed as the Chair. The four members appointed by the City include the Mayor or Council member-designate and three public members appointed by City Council through the City’s Public Appointments process.
Key Council Decisions
- City Council adopted EX31.2: 2018 Capital and Operating Budgets which included Port Lands Flood Protection (February 2018)
- City Council adopted PG24.6: Port Lands Planning Initiatives – Final Report (December 2017)
- City Council adopted EX7.6: Waterfront Strategic Review (July 2015)
Search for other City Council decisions about Waterfront Toronto.