Ontario announced the sale of Mississauga’s waterfront reclamation which begins with the immediate sale of the former Lakeview Generating Station lands.
Finance Minister and Lakeview native Charles Sousa unveiled plans to sell 177 acres of near-vacant land owned by Ontario Power Generation (OPG). Plans for the area is ambitious and includes a large township filled with shops, housing and recreational activities.
As part of the 177-acre land sale, OPG has agreed to transfer 67-acres of prime waterfront land closest to the shoreline to the City of Mississauga. The entire site is expected to house 15,000 to 20,000 people and 9,000 jobs. When redeveloped, it will be broken down into four distinct precincts — Rangeview Estates, Ogden Village, Innovation Corridor and Cultural Waterfront — to reflect differences in the function and character of the area.
The precincts will feature low to mid-rise residential, a central retail hub, community gathering spaces and a high-tech green campus with office, business employment, and research and development opportunities.
Coupled with the 64-acre conservation area for the Lakeview Waterfront Connection project, along with land transferred from the Toronto Region Conservation Authority and Canada Lands Corporation, the city has reclaimed 141 new acres of waterfront for the public.
This intelligent development will make the best use land and reduce the need for cars. The area will be pedestrian-friendly. – CINEWS