When the Finance and Economic Development Committee met this past Tuesday, they received an annual report on the Lansdowne Partnership Plan, which shows a rising number of visitors to Lansdowne – 3.4 million people in 2016, a 41 per-cent increase over 2015. Over 200,000 visitors are expected when the 105th Grey Cup Festival kicks off in November, generating an anticipated $100 million in economic activity.
The Committee also received a report on the inaugural board appointments for the Municipal Services Corporation that will manage and operate the ByWard and Parkdale Markets. Three members have been appointed to the Executive Committee and the Finance and Economic Development Committee approved the appointment of six additional members.
A new special levy process to finance community projects proposed by Ward Councillors was approved by the Committee. Ward Councillors will have to submit project details and financials to the appropriate Standing Committee and City Council, undertake a public consultation for a minimum of three months and submit a summary report to the appropriate Standing Committee and Council for a decision.
The Mayor’s designate, Councillor Cloutier, was recommended for appointment to the Ottawa Film Office Board of Directors, as was the City of Ottawa’s Director of Economic Development and Long Range Planning, for the term ending November 30, 2018.
Centretown may soon be home to 475 new residential units after the Committee approved a $1.18-million Brownfield Rehabilitation Grant for 70 Gloucester Street and 89 and 91 Nepean Street. Remediation and building demolition is expected to be completed in 2017. The proposed redevelopment is a 27-storey residential tower with an attached six-storey low-rise wing and a second 27-storey residential tower with commercial and community space.
The Committee received an update on the City’s 2015-2018 City Strategic Plan. Progress has been made across many strategic priorities including the light-rail project, the Arts Court redevelopment project, pedestrian and cycle infrastructure projects, Ottawa 2017 celebrations and the approval of the new Central Library location. More than 87 per cent of the targets analyzed have been completed or are on track for completion by 2018. A full close-out report on all strategic priorities will be provided at the end of the current Term of Council.
Items approved at Tuesday’s Finance and Economic Development Committee meeting will be considered by City Council on Wednesday, July 12, 2017.