The following was recently posted on the Toronto Economic Development Dept's website.
The City of Toronto, GO Transit, TTC and Mississauga Transit (MT) have partnered on a major initiative to integrate and improve transit facilities at the Bloor-Islington and Kipling Stations.
The key objectives of the initiative are to:
accelerate the transfer of MT bus terminal facilities to a new joint MT/GO Transit bus terminal at Kipling Station;
expand passenger pickup and drop-off facilities and entrances, and relocate commuter parking at the Kipling and Islington Stations;
build a new accessible TTC bus terminal north of the Islington Subway Station; and
construct a new business node through a multi-phased commercial development
The initiative will create an urban neighbourhood with 4 million-sq. ft. of office and commercial space;
and will generate more than 16,000 knowledge-based jobs and $985 million in construction spending.
The first phases of the proposed project will include the construction of a 345,000-sq. ft. corporate head office for SNC Lavalin and development of the remaining bus terminal lands at Islington/ Bloor into a mixed-use complex.