Mount Dennis Campus Opportunity

Summary from the report (March 30, 2022) from the Chief Executive Officer, CreateTO: The purpose of this report is to respond to City Council's request to CreateTO to identify lands in the Mount Dennis area that may be suitable for a post-secondary campus and to seek direction for CreateTO and City staff to engage in a collaborative exercise with a local post-secondary school to review the feasibility of a campus project in the Mount Dennis area, as part of a broader City-building initiative. Also, as directed by City Council, Economic Development and Culture reached out to Toronto based post-secondary institutions and the entity named in Confidential Attachment 1 ("the Entity"), has come forward identifying an interest in investigating the feasibility of a campus investment project in the Mount Dennis area, as part of its Campus Master Planning exercise that is currently underway. The feasibility exercise by the Entity and the necessary due diligence work by CreateTO and the City for this opportunity will determine whether a collaborative project involving a post-secondary investment in the Mount Dennis area may be possible. A campus project represents a strong opportunity for CreateTO to lead a potentially transformational City-building initiative that could deliver not only a campus/satellite campus but also wide-ranging social, economic, environmental and cultural benefits to the Mount Dennis area, and potentially other parts of the City where the City partners with the Entity on real estate solutions.

with representatives from the entity named in Confidential Attachment 1 to the report (March 30, 2022) from the Chief Executive Officer, CreateTO ("the Entity"), and to participate in a Campus Master Plan review exercise that includes the exploration of the feasibility of a post-secondary campus and City-building opportunity in the Mount Dennis area and potentially other areas of the City in relation to the Campus Master Plan review. 2. City Council request the Chief Executive Officer, CreateTO, to update the Board of Directors of CreateTO in the third quarter of 2023 with the results of this work, next steps and recommendations. 3. City Council direct the confidential information contained in Confidential Attachment 1 to the report (March 30, 2022) from the Chief Executive Officer, CreateTO remain confidential until after the recommendations have been adopted by Council unless it has otherwise been made public.