“Ottawa, the province and Toronto will spend more than $83 million on initial efforts to protect the Port Lands from flooding and get the ball rolling on a massive redevelopment, the Star has learned.
Federal Infrastructure Minister Amarjeet Sohi will join Bob Chiarelli, Ontario’s infrastructure minister, and Mayor John Tory to announce the funding Wednesday at the Keating Channel.
The federal government is kicking in $32.5 million, while the province and city are each providing $16.3 million to remake the area around the old Essroc quay, seen as a critical step to a long-awaited “naturalization” of the mouth of the Don River. They’ll announce a total of $18 million for other flood-protection measures.
Officials concede it’s a drop in the bucket of the estimated $975-million cost of flood-proofing more than 700 acres of southeastern downtown waterfront. There are plans to reroute the Don, clean polluted soil, create new parks and unlock a swath of land, including the old Unilever plant site, for redevelopment, including a SmartTrack stop…”
Read on at: The Star.