I hate this stupid and misguided policy. It's moronic, Toronto, tick box, bullshit through and through. We should have never gotten rid of Parkland CIL.
The City is still accepting cash-in-lieu.
However, they are under pressure to accept either on-site or off-site parkland dedications instead, since the Province moved to order cities to spend S.42 money quickly.
They aren't being allowed to hold on to the pot indefinitely anymore, as I recall (at least that was proposed in the various bills)
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What I would like Parks to do is be clear on their preferred off-site parks acquisitions in a given area with developers, well in advance of applications, and for developers to make 'best efforts' to deliver those.
If that's not feasible, cash-in-lieu will still be accepted (Which it is now; those are the exact terms for 145 St George, go get something nearby we want, if you can't after a set period, we will take cash.)
In this area, $ should be flowing to finish acquisitions proposed for Ramsden Park and The Green Line
Other good choices the City hasn't identified (but should have)
Cottingham St. is closed to cars just east of the white lines to the curve going north. If the properties I have outlined were acquired, the entire road on the south side of the Park could be removed, gifting it lots of extra, usable space beyond the homes themselves.
That 5,500ft2 actually buys you 19,000ft2 of new park!
Both of the tennis clubs just to the south would make great acquisitions as well (York on the west side of Yonge and Toronto Lawn to the east. Clearly beyond what any one developer could/would pay for as S.42
But pooled across 3-5 area projects, and/or in concert w/the City's S.42 reserve fund........