Bruce Street Redevelopment Feasibility Study for the City of Oshawa
Type of initiative
FCM Green Municipal Fund - Plans, Studies, Pilots
Sector
Brownfield
Project value$322,700
Project Type
Feasibility Study
Sub Sector
Site assessments and remedial action plans
Grant amount$155,100
Program type
GMF
Municipality
City of Oshawa, ON
Status
Fully Disbursed
Population
175,383
Project timeline
2014 - 2021
Project number
13118
Description
Bruce Street Developments Limited is undertaking a Phase II Environmental Site Assessment (ESA) — an environmental investigation to confirm the concentration and location of contamination on a site — to support the development of a remediation and risk management plan for a 28-acre brownfield site located in the heart of the downtown Oshawa. Once completed, the measures identified in the ESA will be implemented so that this brownfield site can be developed into a more accessible mixed-use neighbourhood that provides attractive living accommodations and business opportunities. It is estimated that the redeveloped neighbourhood has the potential to provide an increase in property tax revenues from $70,000 to $4,000,000. Throughout the study, public input will be arranged to inform the population and collect public and stakeholder feedback on the implementation of the risk assessment recommendations and future design of the remediated site. (As per April 22, 2016 announcement)
Applicant
Bruce Street Developments Limited, ON