Section37 CommunityBenefit is based on a formula dependent on changes in zoning, height, density, etc,... and the Councillor's negotiating skills; getting 5-10% of the project's total value for Section37 CommunityBenefits would be considered very impressive. Case in point, last time I spoke with Councillor Filion, he was absolutely laughing when he mentioned how he had RioCan's $200 million YongeShepppardCentre proposal over a barrel and managed to converted their initial $4 million of Section37 CommunityBenefits into $20 million worth of Section37 CommunityBenefits. That 10% Section37 CommunityBenefit rate is probably Councillor Filion's highest Section37 CommunityBenefit rate of any project in Ward23 NorthYorkCentre, which has by far seen the most high-density development in Toronto during his 25 years in office. The highest Section37 CommunityBenefit rates I've ever heard from CityPlanners is 15%,.... and that's for small mid-rise projects in mid-town where old WASP NIMBY-er fight like rabid dogs.
Built as proposed, this 325 Bogert project proposal is an approximately $750 million project. A very impressive 5-10% rate in Section37 CommunityBenefit would only generate $37.5 million to $75 million in Section37 CommunityBenefits. Mainly due to the technical challenges of crossing the WestDonValley, a westward extension of the Sheppard STUBway line from Yonge (actually Senlac tailtrack) to the current Downsview Station at Allen Road is now estimated to cost $2.3 BILLION (that's $2,300 million) of which the $37.5 million to $75 million in Section37 CommunityBenefits would only account for 1.6%-3.3%,... hardly a drop in the bucket. That is, if all of it were to go to only one project,.... which would be at a great opportunity cost to other local community projects.
In addition, Section37 CommunityBenefit can only fund local infrastructure and projects (park infrastructure, public realm space, non-profit child-care, community centre, library, etc,...) in the ward where the development project occurs (anyone figure out what's wrong with the previous Section 37 CommunityBenefit funded pedestrian-trail bridge proposal over the DonRiver West). Section37 CommunityBenefit funds are designed to benefit the locals most affected by the development project,... to help offset their negative consequences from the development project. Section37 CommunityBenefit project can not specifically fund TTC infrastructure.
The only possible way of getting any funding from this project directed at TTC infrastructure is via the approximately $25,000 development fee per unit. Since this project is adding 1,617 new units that work out to $40,425,000 in total development fees but that amount goes primarily to fund the required road infrastructure improvement (they're talking about westward extension of Bogert Ave to meet Sheppard Ave West which will also be widen), water & sewage infrastructure improvement, local school infrastructure, etc,.... that $40,425,000 in total development fees is disappearing pretty fast now,.....
At an estimated cost of $2.3 Billion for 3.4km westward extension of Sheppard STUBway line to Downsview Station ($675+ million / km) mainly for one additional station at Bathurst - note, they're not even talking about a mid-block station at Senlac!,... any such discussion is really just a waste of time,... about wasting money that doesn't even exist! Especially since Metrolink is about to start construction of the fully funded $1.2 Billion 11km FinchWest LRT from Keele to HumberCollege ($110 million / km) which is the prelude to a short 6km LRT link along Finch from Keele To Yonge that'll finally close the northern rapid transit gap between the Yonge Subway line and Spadina Subway line in North York; the FinchWest LRT link to Yonge can't be done now due to capacity issues on Yonge subway line,... Metrolinx is currently estimating about 20 years from now after a whole bunch of other new north-south LRT or subway lines gets built first to relieve capacity pressure on Yonge subway line,...
The City, TTC and Metrolinx are trying to figure out how to get the most bang out of every transit dollar,... a $2.3 Billion westward extension of Sheppard STUBway line definitely is not it nor is a "multi hundred million" dollar Senlac subway station.