April 11, 2017: The Mississauga Board of Trade (MBOT) supports the recommendations of the Mississauga Planning & Development Committee approved last night to create a Downtown Mississauga Community Improvement Plan.
The staff report and recommendations were approved unanimously.
- That the Downtown Community Improvement Plan, proposed in the report titled “Downtown Community Improvement Plan” dated March 17, 2017 from the Commissioner of Planning and Building, be approved and that an implementing by-law be prepared;
- That a by-law delegating authority to the City Manager, to approve the Downtown Community Improvement Plan Development Processing Fees Grant and Tax Increment Equivalent Grant as proposed in the report titled “Downtown Community Improvement Plan” dated March 17, 2017 from the Commissioner of Planning and Building, be prepared;
- That the City Manager be authorized to sign Incentive Agreements that stipulate the terms and conditions for the granting of incentives under the Downtown Community Improvement Plan;
- That the Region of Peel be requested to develop a Regional Community Improvement Plan to support office development in Mississauga’s Downtown.
“Mississauga’s downtown needs to be a strong mix of commercial and residential development and the City needs to find ways to attract new office commercial development to its downtown core,” said David Wojcik, President & CEO, Mississauga Board of Trade. “The Community Improvement Plan is important but the City must also look at the challenges around underground parking, commercial connectivity and the economics of new development.”
MBOT is a strong supporter of the City of Mississauga and land owners/developers in the Downtown looking at creating a Parking Authority and having the right policies in place that will attract a five star hotel and convention centre.
“We are very pleased to see the City moving in the right direction on this and we would encourage the Region of Peel to adopt a CIP as well,” Mr. Wojcik concluded.