Rail Deck Park - Toronto€¦ · 2011 199,495 2016 238,000 2041 475,000 2011 433,800 2016 502,000...
Transcript of Rail Deck Park - Toronto€¦ · 2011 199,495 2016 238,000 2041 475,000 2011 433,800 2016 502,000...
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Rail Deck ParkTechnical Briefing
Tuesday , November 21, 2017
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Agenda: Technical Briefing RDP
1. Overview2. Growth and Parkland Requirements3. Feasibility 4. Investment5. Next Steps
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Overview: Three Reports
• Rail Deck Park – Results of feasibility analysis & next steps for implementation
• Review of the City’s Alternative Parkland Dedication Rate under Section 42 of the Planning Act
• Parkland Strategy: Preliminary Report
Focus of the Technical Briefing will be the Rail Deck report.
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Growth and Parkland Need
Rail Deck Park
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Downtown’s Changing Skyline
2005Spadina Ave
Blue Jays Way
Bathurst St
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Downtown’s Changing Skyline
2014
Bathurst St
Spadina Ave
Blue Jays Way
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(approx. 140,000 to 180,000 units)
Residential
Employment
Growth is
expected
to continue2011199,495
2016238,000
2041 475,000
2011433,800
2016502,000
2041850,000 to 915,000
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And
concentrate
in the area
south of
Dundas
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Mobility Parks & Public Realm
Community Facilities
ResiliencyWater
TOcore
Infrastructure
Strategies
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Downtown
has among
the lowest
levels of park
provision per
resident DowntownStudy Area
10.8 m2PARK AREA/RESIDENT
(2016)
PARK AREA/RESIDENT
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Levels
decrease
further when
demand
from
employees is
added. DowntownStudy Area
4 m2PARK AREA/
RESIDENT & EMPLOYEE (2016)
PARK AREA/RESIDENT & EMPLOYEE
18 m2
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There are
limited large
parks with
City-wide
functions
Queen’s Park
Allan Gardens
Ramsden Park
Riverdale Park West
Corktown
Common
Marilyn Bell
Park
Rosedale Valley Lands
District Parks (5 to 15 hectares)
District Parks (5 to 15 ha)Community Parks (3 to 5 ha)Local & Parkettes (0.5 to 3 ha)
Coronation
Park
Trinity
Bellwoods
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The last opportunity for a
large park in Downtown
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0 Sp
adin
a
509 Harbourfront
Spadina GO RER Station
Connecting major
destinations into a
uniquely Toronto offer
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Metrolinx
Existing park
comparisons
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Precedents
for decking
structuresBoston, MA
Dallas, TX
Chicago, IL Melbourne, AUS
Toronto, ONMunich, GER
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A once-in-a-
generation
opportunity
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Feasibility
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Add site map
Site Map
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Existing
Conditions
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Foundations &
Structure
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Deck & Park
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Deck & Park
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Station Entrance
Station Entrance
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Station Platform
Station Area
Station Integration
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Conceptual Cross-section
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Iceboat Terrace
Existing fly-under
Front St W
Spadina-Front GO RER Station
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Phasing
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Investment
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Class 4 Cost EstimateElements Cost Estimate
(millions; 2017 $s)Deck Construction(early works, hard costs, general requirements, management fees) $844
Park Construction(hard costs, general requirements, management fees) $95
Design Fees $95
Contingencies(design & pricing, construction) $327
Allowances(potential work restrictions in the rail corridor) $304
Total $1,665
Priority Phase One Cost $872
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• Existing revenues will be applied to RDP in a way that does not negatively impact on any parkland revenues generated for other areas of the city
• New revenues from S42 CIL, S37, DCs, value capture tools, will be applied in such a manner that benefits RDP and other parkland priorities across the city
• Contributions will be sought from adjacent commercial properties and businesses
• Federal and/or provincial contributions will be sought
• A phased approach for the project will be established consistent with this financial strategy
Financial Strategy Principles
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Financial Strategy
• Proactively consult with development and business community on financial strategy including potential funding options and any additional options to improve the development review process emanating from the End to End Review
• Engage with external expertise to assess the financial strategy and report back to Council with recommendations once financial costs are refined
• Consideration of options to optimize portion of DC funding
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Section 42 – Alternative Parkland Dedication Rate• The current alternative rate is over 10 years old
• It includes a series of site caps that stipulate a maximum land dedication or payment of cash-in-lieu based on site size.
• Since the rate was approved in 2005, development intensity has changed across Toronto:
– residential densities have increased by 205 % by project
– the average units per hectare by project has increased by 254 %
– many of Toronto's high growth areas have small parcel fabric less than 0.5ha (1.2 acres) reflective of infill development and where taking land for park is not ideal; and
– parkland need has changed as over 83% of growth across Toronto is in vertical communities.
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Section 42 – challenges with current Alternative Rate
• Current policy has a cap for cash-in-lieu based on site size
• Over 90% of development across Toronto’s Downtown and Centres is on sites that hit the 10 % cap of the site or equivalent value.
• Once the cap is reached, a development's additional density does not contribute cash-in-lieu of parkland while the demand and need for parks generated increases
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Section 42 – opportunities for change
• Growth can pay an increased share of the cost to acquire and develop parkland
• A new rate could be based on density instead of a “cap” on site value to improve the City’s ability to address parkland demands generated by new growth
• Local areas could adopt specific rates reflecting the characteristics of development in those locations
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Next Steps
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Report Recommendations
1. Authorize Stage Two Work Plan in 2018 and 2019 as and utilize the City-owned lands in the rail corridor only for RDP.
2. Metrolinx work in partnership with the City to advance RDP with other aligned projects in the corridor
3. Advance a growth-focused financial strategy based on the financial principles
4. Proactively consult with development and business community on financial strategy
5. Engage capital market and legal expertise and report back with the implementation of the financial strategy once land costs are known, capital costs have been refined and Council confirms its commitment to the project
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Report Recommendations cont.
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6. include eligible project costs in the City's DC By-law review .
7. Request the Province to amend the DC Act to exempt the RDP from the use of the service level cap, exclude from 10% reduction and deem any potential federal/provincial contributions towards the project as contributions towards benefits to existing development
8. Undertake a public and stakeholder engagement process including forming a Community Stakeholder Advisory Group; a public ideas competition, a fundraising strategy and evaluate governance options.
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Next Steps
The project will move forward through a “stage-gate process”, providing Council with specific decision points about advancing the project as scope, timelines, and costs are clarified.
Stage 0(2016)
Exploratory
Stage 1(2017)
Feasibility (class 4/5 costing)
&City-initiated
OPA
Stage 2(anticipated
2018-19)
Due Diligence & Concept
Development
Stage 3
Potential EA + 30% Design
(class 3 costing) +
Design Competition
(2019 and beyond)Stage 4
Detailed Design
& Procurement
Stage 5
Construction Starts
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