From the Sept WT Board Meeting - CEO Report:
The Bentway (previously called Project: Under Gardiner)
Detailed Design for The Bentway was completed and submitted to the City and utility companies for their review on July 4, 2016. The team has completed its second cost estimate which was used to refine the Phase One scope of work to include only the items which can be completed within the $25 million donation from the Matthews Foundation. The next design milestone is Detailed Design (or 90% design), which will be submitted to the City for the purpose of obtaining a permit to commence construction and will be the basis for the construction tender process. It is anticipated that the 90% drawings will be completed in October 2016, with a goal to obtain a construction permit in November/December, with a full construction start in
January 2017.
WT has nearly completed its procurement process for the Construction Manager (CM) for the project. It is anticipated that this contract will be awarded to the preferred proponent in mid-September. After the contract is awarded the CM will work with the team during pre-construction to develop a detailed schedule, establish tendering packages and procure trades to complete the construction activities.
In July, Toronto City Council approved the filing of the Environmental Assessment for a proposed crossing at Fort York Boulevard which recommended a Suspended Bridge as the preferred alternative. Following Council approval the team has completed a draft of the environmental study report which will be filed for public review and approval in September.
In July Toronto City Council also approved moving forward with a governance and funding model for the programming, operations and maintenance which proposed that a not-for-profit charitable corporation is the most appropriate governance model for The Bentway. To support the early stage operations of the non-profit entity, a one-time draw of $10 million in City capital funding was recommended as a match to $10 million of the Donor's funds and directed to programming, operations and maintenance from 2016 to 2023. The City's $10 million contribution would be drawn from Development Charges and cash-in-lieu funds intended for the creation of parkland and recreational space (these capital funds cannot be directly committed to operating expenses)
The Donor's $10 million operating contribution would be drawn from its original $25 million capital donation to the Project. Since being approved by Council, WT continues to work with the City of Toronto and the Matthews Foundation to amend the MOU to reflect this approach.
http://www.waterfrontoronto.ca/uploads/documents/item_4___ceo_report___september_14_2016_1.pdf
AoD