The ORCA Project Toronto
433 Front St W Toronto, ON, Canada

Two competing visions for Rail Deck Park - CityNews Toronto "'John Tory blindsided the developer, went in there and thought he controlled everything. He controlled the air rights. I’m sorry that’s not the way it works,' Ford said. 'Let’s look here at what the developer is proposing. Work with them and save the tax payers a couple billion dollars.'"... Watch here: http://bit.ly/2hMjs2C

ORCA or Rail Deck Park: One Site with Two Competing Proposals "According to the newly launched website, the P.I.T.S. proposal, which they have dubbed the "ORCA Project," would take approximately ten years to build out, split over four phases...The website notes that in 2013, CRAFT Developmentsone of the four companies which make up the P.I.T.S. consortiumacquired the air rights over the rail corridor from Toronto Terminals Railway and CN Rail." - Urban Toronto ... Read More: http://bit.ly/2zcKlDU

Battle brews over conflicting plans for Rail Deck Park "A showdown is brewing at city hall over two competing plans: one a 21-acre park pitched by the mayor and local councillors; and another, a 12-acre park bordered by eight office and condo towers, pitched by a group of developers who say they will soon own the air rights to build on the space above the rail tracks south of Front St., between Bathurst St. and Blue Jays Way." -@TorontoStar... Read More: http://bit.ly/2B5Nvtw

Toronto Sun reported that City’s capital budgeting process not working for taxpayers "The documents revealed that in early September, 2016, staff were referring to their own numbers as vague, not helpful and that no one really has good costs or a detailed assessment of how this could be financed. It’s way too early for that. The city’s cost estimate didn’t include the price of buying air rights over the rail corridor, or fees for potential track relocation, or contingenci...es." read more: http://bit.ly/2zSN7PV

ICYMI: Councillor Cressy responds to counter proposal of rail deck park by Toronto-based developer on AM640 #ORCAToronto #Toronto "But now there is a counter proposal thats apparently being put forward by the people who own those air rights and they say, you know what? We have a plan that would cost the city practically nothing." Listen here: http://bit.ly/AM640ORCA

Have you seen this article from Bisnow "This is the ongoing story in Toronto, where Craft Development Corp. has been engaged in a conflict with the city for more than a year regarding the ownership of the air above a proposed mixed-use development situated in the same place the city wants to build a park." read more: http://bit.ly/AirRightsORCA