Background of Toronto Waterfront Renewal

Waterfront renewal was launched in November 1999 with the release of the Mayor's vision for Toronto's waterfront: Our Toronto Waterfront, the Wave of the Future. The City and the federal and provincial governments then established the Waterfront Revitalization Task Force, headed by Robert Fung, to create a development and business strategy for renewal.

Following release of the Task Force's report Our Toronto Waterfront: Gateway to the New Canada in 2000 and City Council’s subsequent endorsement in "Our Toronto Waterfront: Building Momentum,” waterfront renewal was officially underway with a total pledge of $1.5 billion in startup funding from the three orders of government. As equal partners, the three governments make significant financial contributions towards new hard and soft infrastructure and the provision of public land for renewal, which will be richly rewarded over the coming decades.

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