Prime Minister Justin Trudeau calls a $1.25-billion plan to flood-proof and redevelop Toronto’s industrial Port Lands “ambitious” and “transformational.”
Trudeau, Premier Kathleen Wynne and Mayor John Tory arrived at an afternoon news conference by water taxi Wednesday, despite choppy conditions on Lake Ontario where water levels have been extremely high throughout the spring.
“Next time we’re going to do canoes, OK?” Trudeau joked, before making the announcement that all three levels of government have agreed to fund the project over a seven-year span.
The money will go toward protecting the Port Lands, which juts out from the east end of the city’s downtown core, and rehabilitating the mouth of the Don River, which empties into the lake.
With Toronto already feeling the effects of flooding, Trudeau says governments have to invest in projects that will help cities weather the changing climate.
“We need to take steps now to make sure the land we’re gathering on now can be used for generations to come,” he said.
Tory says building up the area will generate $1.1B
The prime minister also touted the jobs this project will create, as well as the housing developments that are being planned for the Port Lands. Tory says construction and design work alone is expected to bring in some $1.1 billion dollars in the coming years.
Wynne, meanwhile, says the Port Lands represent the largest development opportunity in the city and will be home to thousands of affordable housing units. She says she expects it to one day look similar to the West Don Lands, a new neighbourhood the province helped to develop and one which served as the Pan and Parapan Am Games athletes’ village in…