Waterfront Toronto is the public advocate and steward of waterfront revitalization. Created by the Governments of Canada and Ontario and the City of Toronto, Waterfront Toronto is mandated to deliver a revitalized waterfront.
Following the release of the Toronto Waterfront Revitalization Task Force's report in March 2000, the three orders of government jointly announced their support for the creation of Waterfront Toronto (formerly Toronto Waterfront Revitalization Corporation) to oversee, lead and implement the waterfront’s renewal.
Formally created in 2001, Waterfront Toronto has a 25-year mandate to transform 800 hectares (2,000 acres) of brownfield lands on the waterfront into beautiful, sustainable mixed-use communities and dynamic public spaces.
The project is one of the largest infrastructure projects in North America and one of the largest waterfront redevelopment initiatives ever undertaken in the world. However, it is not just the sheer scale of the project that makes it unique. Waterfront Toronto is delivering a leading edge city-building model that seeks to place Toronto at the forefront of global cities in the 21st century.
A primary objective of waterfront revitalization is to leverage the infrastructure project to deliver key economic and social benefits that enable Toronto to compete aggressively with other top tier global cities for investment, jobs and people. To do this, Waterfront Toronto brings together the most innovative approaches to sustainable development, excellence in urban design, real estate development, and advanced technology infrastructure.
- The 800 hectare (2,000 acre) designated waterfront area runs from Dowling Avenue in the west to Coxwell Avenue in the east.
- The area is roughly equal in size to Toronto’s major downtown core from Bathurst Street to Sherbourne Street and Front Street to Bloor Street.
- Revitalization is expected to take at least 25 years and approximately $30 billion of private and public funding to complete.
- The project includes the creation of 40,000 residential units, one million square metres of employment space and 300 hectares of parks and public spaces.