What's proposed for the property
It will include lowrise, midrise and highrise (up to 15 storeys) buildings and everything from family-oriented to affordable homes. Affordable housing will include accommodations to replace the dormitories for backstretch workers who care for the 1,700 horses stabled at Woodbine.
“We’re looking at really every type of building type.”
Caverson says that as a long-term landowner, Woodbine’s preference will be to maintain ownership of as much of the land as possible. “We’ll do that through rental, but the market will ultimately dictate how much rental and how much new homes is appropriate.”
A “world-class” entertainment district, community services, parks and open spaces will comprise significant parts of the development.
He notes the overall project will have to benefit the site's existing vocation – horse racing.
Caverson says discussions have not yet begun with potential developers.
“We’re very early on in the process of establishing that framework and I’m optimistic that over the next 12 to 24 months we’re going to have a solid framework in place. At that point I think that we would get much more serious about sitting down with various strategic partners.”
should this be changed to pre-construction or on-hold until construction starts up.
