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2.1.1

Implement a sustainable Brownfield Program to promote the redevelopment of previously contaminated sites.

greenstatusFinal update (September 2014)
All facets of the Brownfield Financial Incentive Program (BFIP) are being implemented. We have partnerships with the cities of Cambridge, Kitchener and Waterloo and are considering the expansion of the program to include Tax Increment Financing and non-brownfield Tax Increment Grants. Successes of the program include:

36 Grant applications approved by the Region since 2006:

  • 20 Phase 2 ESA Grants ($534, 053)
  • 7 Regional Development Charge Exemptions ($9,867, 820)
  • 9 Joint Tax Increment Grants ($14,623,097 - Regional Portion Only)
  • 989 New residential units created
  • 996,809 Square feet of new non-residential floor area
  • 185.5 Million dollars combined assessment increase

 

Progress Update (September 2013)

All facets of the Brownfields Financial Incentive Program are being implemented. We have partnerships with the cities of Cambrodge, Kitchener and Waterloo. Considering the exansion of the program to include Tax Increment Financing and non-brownfield Tax Increment Grants.

Progress Update (January 2013)

In October 2006, Regional Council approved the framework for a Regional Brownfields Financial Incentive Pilot Program (now referred to as the Brownfields Financial Incentive Program or BFIP) to promote the redevelopment of previously contaminated sites.  There has been significant interest in the program by the private sector and the program is proving to be successful in helping to achieve these goals.

Overall, 18 applications have been approved and approximately $1.7 million in assistance has been provided to date through the BFIP program's three components. This has contributed to the potential remediation and redevelopment of 11 sites within the Cities of Cambridge, Kitchener and Waterloo.

In addition, approximately 285 new residential units and 441,000 sq. feet of non-residential space have been redeveloped (with building permits valued at approximately $50.5 million).

The Region and Area Municipalities have successfully collaborated on three major joint Tax Increment Grant (TIG) applications for the projects known as The Tannery District (Kitchener), Waterscape on the Grand River (Cambridge) and 750 Lawrence St. (Cambridge). 

The Tannery District (winner of the 2011 CUI Brownie award for best project) is a highly successful adaptive reuse project that transformed a contaminated manufacturing facility into a mixed used complex now employing approximately 1000 people.

Waterscape on the Grand River (winner of a 2010 CUI Brownie Award) resulted in the redevelopment of an extremely challenging, underutilized and environmentally impacted site into 113 new residential units and the potential for additional residential and hotel/convention space in the future.

Lastly, the TIG for 750 Lawrence Street allowed for the remediation of a long-term brownfield site and its renewal as a 103 townhouse infill development.

In February 2012, staff provided an update on the Brownfields Financial Incentive Pilot Program (BFIP) (please see Report No. P-12-009/F-12-016). This report provided more detailed information regarding the status of the BFIP implementation and approved funding, and an overview of experience gained through the implementation of the BFIP to date. It also outlined next steps with respect to the development of a sustainable financial incentive funding model for the program and the ongoing collaborative efforts between the Region and area municipalities.

The future of the program is dependent upon securing sustainable funding.

Progress Indicators

  • Number of properties assisted
  • Type of rehabilitation
  • Locational attributes (e.g. wellhead protection areas, Central Transit Corridor)

 

 

greenindicator   Strong progress achieved   2011-2014 Strategic Plan (PDF)
yellowindicator   Moderate progress achieved   2011-2014 Strategic Plan (RTF)
redindicator   Progress needed   2011-2014 Strategic Plan (Flash)