Regent Park TV(Audio): TCHC Selects A New Development Partner For Regent Park
On today’s episode RPTV reporter Dimitrije Martinovic interviews Peter Zimmerman and Willian Mendes from the Toronto Community Housing Corporation (TCHC). They discus the Dec 15, 2020, approval of Tridel Builders Inc., as the new partner developer for phases 4 and 5 of the Regent Park revitalization by the Board of Directors at Toronto Community Housing Corporation (TCHC).
Also discussed in the interview is the May 4, 2018, announcement by the TCHC that they will be issuing a call for proposals, for a new developer to complete the final stages of the Regent Park Revitalization. At the time, TCHC stated its contractual relationship with the Daniels Corporation, the current developer of Regent Park, was always scheduled to end with the completion of phase 3 and that issuing a request for proposal for a new development partner is a standard practice of the corporation’s public accountability and fiscal management responsibility.
The other matter of relevance that was highlighted was the influence of tenant advocacy groups and role they had in shaping the Social Development Plan. With the announcement of Tridel as the new developer partner for Phases 4 and 5, comes the disclosure that $26.8 million have been allocated towards community benefits.
In Regent Park, where the revitalization is now in its final phases there has been an urgency to see TCHC, the two developers and all the community stakeholders come together in an equitable, sustainable, and fiscally sound manner. Striking the right balance is not lost on anyone who is involved. It is after all a historic moment, a moment when the slate has been brushed clean, and everyone has a chance to make this project work.
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