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Throwing school money down a hole
Close to 20 years ago, Canadian National Railways transferred Block 31, as the crater is known, to the City of Toronto. The developer of CityPlace, Concord Adex, signed deals in 1994 to levy development charges to build, on this site, schools for the Toronto District School Board and the Toronto Catholic School Board, plus a community centre and daycare.
In 2007, Catholic trustee Catherine Leblanc Miller and TDSB trustee Chris Bolton told the National Post they wanted the schools hurried up. "I'm anxious to move ahead," Ms. Leblanc-Miller said.
Developers have almost completed collecting $38.5-million in charges to pay for the schools.
Where the heck are the schools?
In 2005, Toronto turned Block 31 over to Toronto Community Housing, asking it to build the schools, a community centre, a daycare and affordable housing here. TCHC suggested a 43-storey subsidized-housing tower. The neighbours hated this. Plus TCHC can't afford it. So, in a report coming to the city's Executive Committee on Monday, TCH is giving Block 31 back to Toronto.
More....http://www.nationalpost.com/opinion/columnists/Throwing+school+money+down+hole/5480459/story.html
Throwing school money down a hole
Close to 20 years ago, Canadian National Railways transferred Block 31, as the crater is known, to the City of Toronto. The developer of CityPlace, Concord Adex, signed deals in 1994 to levy development charges to build, on this site, schools for the Toronto District School Board and the Toronto Catholic School Board, plus a community centre and daycare.
In 2007, Catholic trustee Catherine Leblanc Miller and TDSB trustee Chris Bolton told the National Post they wanted the schools hurried up. "I'm anxious to move ahead," Ms. Leblanc-Miller said.
Developers have almost completed collecting $38.5-million in charges to pay for the schools.
Where the heck are the schools?
In 2005, Toronto turned Block 31 over to Toronto Community Housing, asking it to build the schools, a community centre, a daycare and affordable housing here. TCHC suggested a 43-storey subsidized-housing tower. The neighbours hated this. Plus TCHC can't afford it. So, in a report coming to the city's Executive Committee on Monday, TCH is giving Block 31 back to Toronto.
More....http://www.nationalpost.com/opinion/columnists/Throwing+school+money+down+hole/5480459/story.html
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