How does the project address all 5 factors for sustainable development (environment, economics, social equity, energy and health)?
Toronto Waterfront Renewal
Toronto’s Waterfront Project focuses that in recent decades had stagnated and aims to revitalize the vast strip of land along Lake Ontario in one of Canada’s and North America’s most influential cities. The $1.5 billion project addresses a variety of issues facing Torontonians as the city continues to undergo vast population growth, putting a strain on the city’s existing resources. According to the city’s official website, the vast project which has already been started is “creating a blueprint for growing focused, sustainable and inspiring cities in Canada.”
The Waterfront Renewal project is a multifaceted effort that consists of more concentrated efforts all along the lakeshore in a bid to better use the 800 hectares of land that has remained under utilized. The project is broken down into three major zones, focusing on the east, central, and west districts along the city’s lake front. The Fort York Pedestrian and Cycle bridge in one of Toronto’s fastest growing neighborhoods is an effort to continue the city’s recent development initiatives that focus on fiscally responsible and sustainable growth of the city. The project aims to enhance connectivity and accessibility to downtown core by creating a pedestrian friendly bridge that will significantly cut commuting times for bikers and, to a lesser extent, pedestrians. The project also makes the area more accessible to tourists by better connecting the quaint neighbourhood to the rest of the city. It also follows in the footsteps of global cities like Amsterdam and Madrid by cutting reliance on cars and coming up with more environmentally friendly solutions for a megalopolis like Toronto.
By the time of the whole project’s completion in 25 to 30 years, projects along downtown core and the East end similarly aim to create 170 hectares parks, 40,000 new affordable housing units, and 10 million square feet of commercial spaces to fuel Toronto’s robust and ever-expanding economy. In downtown, new transit lines means access to public transit for more ridings and less pressure on Toronto’s already overused Gardiner expressway. The massive project hence addresses major anxieties regarding job growth, controlling the cities soaring real estate prices, better access to public spaces and a major boost to the city’s sustainability and civic efforts.