At Committee of Council on Wednesday, Brampton Councillors committed to an investment strategy for a new university facility and a centre for education, innovation and collaboration in downtown Brampton.
Council endorsed, in principle, investing up to $50M over 10 years into a post-secondary facility, and up to $100M into joint-use community space to support a university, business innovation and collaboration, community interaction, and cultural growth.
“Today, Brampton City Council has demonstrated leadership and a commitment to the future of Brampton,” said Mayor Linda Jeffrey. “Securing a university, and all the associated economic and social benefits, has been a priority for the City and I’m very pleased we’ve taken this bold step to support a positive outcome for our residents, our businesses, our youth, and our future.”
The commitment sets levels for the City’s funding. Specific decisions around timing, type and sources of funding will be made at a later time. Ryerson University and Sheridan College will be submitting the final proposal to the Province in early Fall. Once these plans are clear, staff will prepare a detailed report highlighting specific recommendations for Council, as well as explicit performance measures and targets. – CINEWS