31 Jul A reset on repurposing Toronto school board real estate.
Original article via The Globe and Mail. Click here to read.
It’s one of Toronto’s most tangled land use headaches. With 600 properties comprising more than 2,000 hectares, the Toronto District School Board is by far the city’s the largest property owner, but one plagued with systemic trends it has little power to control: long-term enrolment declines, under-capacity schools and $5-billion in deferred repairs, the legacy of aging infrastructure and underfunding.
In the past, the Toronto Lands Corporation (TLC), the TDSB’s property arm, has chipped away at these issues, slogging through contentious individual redevelopments that see older schools combined and rebuilt on smaller sites, with land sale proceeds used to defray construction costs. Examples include the redevelopment of North Toronto Collegiate on the lower floors of a midtown Tridel tower.