Etobicoke residents say neighbourhood lost out on $100K in negotiations with condo developer
A Mimico residents’ group still wants to know how their neighbourhood lost out on $100,000 in proposed money for local amenities.
The cash was part of an arrangement with a condominium developer, which would have provided $250,000 for local parks improvements in exchange for increasing the size of a condo project at Lakeshore Boulevard and Superior Avenue.
The building is now taking shape, looming 11 storeys, much higher than the many two-storey homes and shops nearby. And the money intended to lessen the building’s impact on the community has been greatly reduced.
According to a City of Toronto staff report, Davies Smith Developments had agreed to the original amount in June 2011, after discussions with planning staff and the local councillor. The report was adopted by community council, and a few weeks later, it headed to city council for final approval.
This time, when the matter was brought up, area councillor Mark Grimes stood and told fellow councillors he had a “technical amendment” to the deal. He recommended that council require the developer to provide “$150,000 for local parks and improvements."