The ³Ô¹ÏºÚÁÏÍø (³Ô¹ÏºÚÁÏÍø) is one of the largest public-sector land owners in the city, with a portfolio of approximately 612Ìýproperties valued atÌýas much as $20 Billion.ÌýThese properties include operating schools; non-operating (closed) schools; administrative, maintenance and warehouse buildings and vacant land. To oversee this portfolio the ³Ô¹ÏºÚÁÏÍø created the Toronto Lands Corporation (TLC) of which the ³Ô¹ÏºÚÁÏÍø is the sole shareholder.Ìý
TLC’s responsibilities include:
Leasing
Real estate
- Managing the disposition of ³Ô¹ÏºÚÁÏÍø surplus properties.
- Negotiating and managing agreements that involve ³Ô¹ÏºÚÁÏÍø properties with external organizations.
Land use planning
Participating in the City of Toronto’s land use planning process in order to:
- Understand how the city is changing and the need to accommodate future students.
- Re-develop or acquire land to accommodate new schools in high-growth areas.
- Ensure ³Ô¹ÏºÚÁÏÍø properties are maximized for educational and community use.Ìý
To learn more, please visit:
³Ô¹ÏºÚÁÏÍø - Strategy and Planning