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Rail deck park is still on the table, but how to fund it?

Rail Deck Park is still on the table for Toronto, as the city debates whether the one billion dollar price tag on the 21-acre park is plausible.

Toronto Chief Planner Jennifer Keesmaat moderated an urban planning symposium, held by the Urban Land Institute Toronto (ULI) Tuesday, that discussed the implementation strategy for the controversial park project. In the fall of 2016, the city announced they would prepare a strategy to build a park between Bathurst St. to Blue Jays Way. The Rail Deck would use airspace above the railyard in downtown Toronto and close up a gap that divides the downtown area and makes it less walkable.

The park is controversial because it is incredibly expensive to build, estimated at one billion dollars as a starting point. That price tag doesn’t include the cost of purchasing the air rights over the rail deck, which is a necessity. A developer has already signed an agreement for air rights over the space and isn’t willing to go down without a fight. The city will have to work hard to obtain the space to create a park in downtown Toronto. It is a worthwhile venture though. It would be one of the city’s last chances to create a large green space downtown as open space becomes increasingly rare.

According to a November Forum Research Poll of Toronto residents, 51 per cent of respondents supported the proposed park and 38 per cent opposed it. Not surprisingly, 46 per cent of respondents felt that the space should not be paid for with public dollars. Though there are several issues remaining on how to budget the rail deck park, Keesmaat has confirmed there is already $350 million invested from developers that is earmarked for public space.

The Rail Deck Park is an ambitious, but worthwhile project. Green space in the downtown area promotes healthy tourism and is relatively simple to upkeep. It also provides Torontonians with more outdoor space, and a carbon sink in the middle of an area full of pollution. Hopefully, the rail deck park can become Mayor Tory’s legacy, and it will be enjoyed for generations to come. Until then, it will be interesting see if the funding can be found.