Whitby, Ontario – The province has introduced new laws that can allow municipalities to help the constructing of stations alongside new GO practice routes. This latest choice will allow The Regional Municipality of Durham to discover funding the up-front prices associated to station development for all 4 new stations alongside the GO Lakeshore East Extension to Bowmanville.
The funds used to cowl the up-front prices (together with curiosity) can be recovered by way of a Station Contribution Price; a price paid by the landowners who will profit from the presence of a GO station, across the 4 Main Transit Station Areas. This payment can be collected solely when a landowner develops their land, and it’ll stay in place till the station prices are paid in full.
This laws ensures a good contribution from actual property growth close to transit, relatively than inserting the burden on the native taxbase. It ensures that the stations can be constructed (as there isn’t any provincial funding for brand spanking new stations). And stations working with frequent and dependable service have been confirmed to draw less expensive and environmentally sustainable housing, as a result of it helps transit-oriented growth (TOD).
TOD seeks to attain extra housing, quicker. It’s based mostly on the concept progress and growth ought to happen close to fast transit choices and stations; as a result of such transit attracts a mixture of houses, companies, places of work, parks and extra. TOD helps create vibrant, livable and sustainable communities—all situated close to fast transit stations.
Because of the help of Regional Council—particularly Dan Carter, Mayor of Oshawa and Adrian Foster, Mayor of Clarington—the Area is one step nearer to its imaginative and prescient. Their robust help and unwavering partnership have helped hold the GO Lakeshore East Extension heading in the right direction.
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