DISCUSSION ITEM
FROM: Teniade Broughton, Chairperson
SUBJECT:
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REDEVELOPMENT OF MALCOLM YONGE GYM
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SUMMARY:
In March of this year, the City closed the Malcolm Yonge Gym due to safety concerns. At the time of closure, Lighthouse Christian Academy held tenancy of the building for school practices, basketball games and other related activities. In an effort to remedy the impact of the closure on the school, the City identified alternative locations at the Theophalis May, Fricker and Woodland Heights Resource Centers to allow activities to continue through the end of the school year. Subsequent to the closure, the City obtained a structural assessment of the building that confirmed that it was structurally unsound and required substantial repair.
Due to the age and condition of the building, it is recommended that the building be demolished and the site redeveloped for housing. The CRA is asked to discuss redevelopment of the site and the use of Urban Core Tax Incremental Financing (TIF) to support demolition of the building.
PRIOR ACTION:
None.
STAFF CONTACT:
David Forte, Deputy City Administrator
Sherry Morris, Development Services Director
Victoria D’Angelo, CRA Division Manager
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ATTACHMENTS:
None.
PRESENTATION: No