Money flowing fast to Toronto's long-neglected eastern waterfront
Posted: July 24, 2009, 6:07 AM
By Allison Hanes, National Post
In a muddy field saturated by driving summer rain, a fair hike from the nearest condos, office towers or transit routes, politicians from three levels of government braved the deluge yesterday to break ground on the public centrepiece of Toronto’s rapidly transforming eastern waterfront.
As Mayor David Miller pointed out, yesterday’s ceremonial first shovel of dirt at Sherbourne Park was the third big waterfront announcement in a month — and just one of many past and future photo ops sure to be staged in the coming months and years. Sherbourne Park — a $28.7-million, 1.5-hectare green space at the foot of Sherbourne Street on both sides of Queen’s Quay — will anchor a flurry of development taking place east of Jarvis Street.
Right now, that segment of Toronto’s waterfront is an inhospitable, noisy, mucky construction site, harbouring bulldozers, boring machines and cranes. But within a year, the stretch will begin to assume its new roles as a hub for the media industry, with the soon-to-be completed Corus Quay overlooking the park; an educational institution, with the building of a new campus of George Brown College; a residential zone, with new condos likely; and of course a playground, for city residents and tourists.
While many of the projects to rejuvenate Toronto’s long-neglected water’s edge have been filling in gaps among the condos that have sprung up in the past decade from Yonge Street westward, the eastern shore is a blank slate on which city, provincial and federal governments are eager to put their imprimatur.
As a result, the money is flowing fast.
Jim Flaherty, the federal Finance Minister and Cabinet member responsible for the Greater Toronto Area, flew in yesterday morning especially for the soggy event. Ottawa pitched in just over $20-million for Sherbourne Park and has sprinkled dollars all along the lakeshore for projects spearheaded by Waterfront Toronto, the agency responsible for all the redevelopment.
“This underscores our commitment to the waterfront. This is a continuing commitment with respect to which we will persist,†Mr. Flaherty said. “This is a wonderful vision that Waterfront Toronto has. [There is] much more to be done. A lot has been done.â€
George Smitherman, deputy premier of Ontario and the local MPP, also enthused about the park as “Yet further evidence that all of the planning work that Waterfront Toronto has been involved in, is coming to life now in a way that allows us to weave — one bit at a time — a new, beautiful emerging waterfront.â€
A little later, however, Mr. Smitherman, who is also Minister of Infrastructure and Energy, mused about revamping Waterfront Toronto’s governance structure, to free it from its multiple political masters.
“Obviously they’ve picked up momentum and they’re doing some pretty exciting work. But they’ve also called on the province and other levels of government, too, to look at some alteration in the way that they operate,†he said. “We want to make sure that the momentum is not just for the moment, that it’s sustainable and I think it would be an appropriate time to look at whether the rules that govern the operation of Waterfront Toronto are right to keep the momentum going.â€
Mr. Miller — who wants to make the most of redevelopment opportunities along the eastern flank of the downtown waterfront by tearing down the Gardiner Expressway from Jarvis to the Don Valley Parkway — offered a history lesson on the currently unwelcoming real estate.
One hundred years ago, it was actually under water, he noted, until the area was infilled to become an industrial port.
Yesterday, he called the eastern end of the central waterfront, “Toronto’s most sought-after investment opportunity.â€
While Corus Quay, the new hi-tech home of the eponymous media company, is set to open early next year, and George Brown is slated to break ground on its Health Sciences campus this fall, they are only the beginning of the development rush in the east of Toronto’s underused water’s edge.
There are parks, sports fields and transit projects envisioned for the near term with brand-new neighbourhoods planned for the West Don Lands and East Bayfront in the coming decade. And over the next 20 to 30 years, the transformation will creep into the port lands, with Waterfront Toronto recently unveiling a plan to renaturalize the mouth of the Don River and build residences and businesses between the Keating and Shipping Channels to create a Lower Don Lands neighbourhood.
Despite the miserable weather, John Campbell, the president of Waterfront Toronto, the agency responsible for the visioning part of the revitalization, beamed brightly yesterday, as another piece of the puzzle showed the first signs of life.
“With shovels n the ground, the message is clear: Waterfront revitalization is happening and it’s happening now,†he said.