development
City Council to consider longer lease for Toronto Harbour Nautical Centre operator to enable capital improvements
City Council is being asked to authorize a 25-year operating arrangement between Harbourfront Centre and York Bay Marine Services Inc., the current operator of the Toronto Harbour Nautical Centre. The operator has invested approximately $450,000 but says it cannot secure financing for further improvements to the fleet, docks, and facilities without a longer-term agreement; the current lease permits subleases only up to five years. The decision would unlock capital investment in a central waterfront marine facility that serves both recreational and children's camp programming.
Also in this item
• Operator has already invested $450,000 in the facility but claims inability to secure financing for capital improvements (fleet, docks, building, grounds) without longer-term security.
The journey
Time to act
You can weigh in
Residents can contact their councillor before the vote to express support or concerns about long-term public-private arrangements for city-owned waterfront facilities.
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