Toronto Port Lands Company
The Toronto Port Lands Company (TPLC), legally the Toronto Economic Development Corporation, is a City of Toronto corporation, which supports CreateTO as part of the city-wide real estate model.
CreateTO, is the City of Toronto’s real estate agency responsible for managing City’s real estate portfolio, developing City buildings and lands for municipal purposes and delivering client-focused real estate solutions to City divisions, agencies and corporations.
As the Port Lands management arm of CreateTO, TPLC’s mandate is to actively manage its lands prudently including leasing, preparing for development and remediating approximately 400 acres of land in the Port Lands. TPLC plays an integral role in supporting CreateTO and Waterfront Toronto to achieve the City’s objectives in the Port Lands and East Bay Front.
TPLC is a completely self-financing municipal corporation wholly-owned by the City. Through TPLC’s leasing, development, brownfield reclamation and land management activities, it finances its operations, provides funding to City programs, and has the ability to deliver financial dividends to the City.
As part of the city-wide real estate transformation, TPLC’s new Shareholder Direction was approved by City Council on December 5, 2017.
Members of the Board of Directors of CreateTO are the ex officio members of the board of directors of TPLC. For more information, review the Board governance structure for Toronto Port Lands Company