(Source: Financial Post)
Some members of the Mayor’s handpicked executive committee are digging in their heels over the first planned transfer of lands to Build Toronto, a newly formed agency hoping to maximize the value of city-owner property.
The executive committee is weighing the transfer of the first properties in the city’s portfolio to Build Toronto, including a disused bus yard at Yonge Street and Eglinton Avenue, a parking lot at Yonge Street and York Mills Avenue and the Deer Park Library, to be considered for future development opportunities.
It seems to be dawning on some members of the powerful management committee that Build Toronto represents a radical departure from the city’s usual way of conducting business.
Of particular concern are the loss of the local councillor’s imprimateur on local development projects and the scrapping of behind-the-scenes $1 land swaps between municipal departments.
Read Allison Hanes full story “Concern growing over land transfer to Build Toronto” in the Financial Post (May 4, 2009).