Can't find out just who is paying for it, but there is this ...
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Rail Deck Park (?, ?, ?)
- Thread starter DSC
- Start date
innsertnamehere
Superstar
yup, haha. I always underestimate the size of Central Park. Regardless, this would be a massive park for Toronto, probably the largest in the downtown core.
A key thing to remember is that the city has something like $300 million sitting in parks reserves from developments over the last decade - its a good chance a huge portion of the cost of this is going to come out of that. Its easy to forget that developments contribute to this pot every time one starts construction - and the fund rarely gets used beyond the odd park renovation. As far as I know it has almost never been used to actually purchase new parkland, that always happens through land dedication by developers or through using existing city owned lands. As for being city-wide, probably something like 80% of those funds come from the downtown.
ChesterCopperpot
Senior Member
Based on the cost of Millenium Park in Chicago of $33million an acre - puts the pricetag in the range of $700million
rbt
Senior Member
It's only the Barrie line for now. Metrolinx has proposed a station in that location for several different lines in the past (including a DRL stop)
I think it's safe to assume their long-term vision sees several lines stopping near that location as an alternative to Union.
salsa
Senior Member
There was an interesting graphic that compares the size of Rail Deck Park to other Toronto parks. It's still quite huge even if it's not exactly Central Park.
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smably
Senior Member
I'm as excited as anyone for this, but I gotta say I'm a little cynical about the lack of funding sources or even cost estimates. My gut says $700m might even be on the low side.
AlvinofDiaspar
Moderator
Good to see them think big - we just needed to see more than just thinking. And yeah, I wouldn't be surprised it might cost 1B - though presumably some of the cost can get rolled into various infrastructure projects.
AoD
AndreaPalladio
Senior Member
Vaughn, paging Adam Vaughn. Time to go to work.
WislaHD
Senior Member
Just wow!
WislaHD
Senior Member
So do we have a timeframe for this park?
AlvinofDiaspar
Moderator
Staff report to Exec Committee in September. Guess that's when we will get some hint of the nitty gritty.
Looks like a phased approach, which is pretty expected.
AoD
Tulse
Senior Member
That is tremendous. It really could go a long way to making the waterfront more accessible from that part of the city. Now if they would just do that over the whole dang rail lands.
smably
Senior Member
ADRM
Senior Member
A Planning spox essentially said that recommendations regarding funding sources and/or preliminary cost estimates may or may not come in the September report...
Tory also declined to hypothesize about timeframe, but noted construction might not begin during his next term (*aggressively sheds tears for multiple assertions contained in that statement*).
Tory also declined to hypothesize about timeframe, but noted construction might not begin during his next term (*aggressively sheds tears for multiple assertions contained in that statement*).