Monday, February 23, 2009

Toronto moves to expedite approvals for office and industrial projects

Metal Plant
Creative Commons License photo credit: Karsten W. Rohrbach

Daily Commercial news reports..

Toronto Mayor David Miller has announced that the city will launch the Gold Star Service program, designed to facilitate municipal approvals for strategic industrial and office developments.

While the previous service assigned case workers to help shepherd large projects through the approvals process, the new program will offer the same enhanced service to any industrial, commercial office and institutional (ICI) project that offers to create long-term jobs.

The program is currently working on 10 projects worth $2.3 billion in investment, and designed to retain or generate 20,000 jobs. Three additional projects are anticipated in 2009.

While Wright predicts that applications will decline through 2009, once current projects have cleared he says he sees an opportunity to focus on delivering projects of greater quality.

Daily Commercial News Full report [opens in new window]

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