Marguerite Ceschi-Smith, Brantford City Councillor, Ward 5
Marguerite Ceschi-Smith, Brantford City Councillor, Ward 5
Marguerite Ceschi-Smith, Brantford City Councillor, Ward 5
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Downtown <strong>Brantford</strong>Urban Transformation<strong>City</strong> of <strong>Brantford</strong> Planning Department
South side of Colborne Street – Demolition 2010Before
South Side of Colborne - After
Downtown construction (2009-2011) is valued at$84 million, averaging $28 million per year. Between 1999and 2011 it is estimated that assessment has increased by$123 million dollars, for a total of $225,379,000 .
Downtown CIP area – taxes and assessmentTaxes Generated• 2001 - $2.2 million• 2011 - $3 million• Change $ - $740,000• Change % - + 32.6 %• Heads and Beds - + 2562%Current Value Assessment• 1999 CVA - $101,900,000• 2008 CVA - $164,738,000• 2012 (est.) -$225,379,000• Change $ - $123,500,000• Change % - + 60.5%
• Between 2002 to 2011 the <strong>City</strong> of <strong>Brantford</strong> invested $4.4 million in 23 projectsthrough the Downtown Business Performance Grants program.• This has generated over $32 million in private sector investments.
Harmony Square (2008) three new buildings valued at $20 million -east elevation
Harmony Square (2008) new construction looking north.Municipal contribution to creating the public square was $3 million
RCW completed (2010)
John Peel Restaurant – façade grant (2009). To date15 façade grant projects have been approved since 2009
Freedom House Apartments (2010)adaptive re-use of church for 15 affordable housing unitson Market Street –construction value $1.7 million
255 Colborne (2011)- total construction value $5.4 million
Dental Office and Boston Pizza (2010) – two newconstruction projects valued over $2 million south ofIcomm Drive.
Expositor Place – adaptive reuse and new construction of a mixedresidential and commercial building at 53 Dalhousie Street in progress(completion 2012). Project received Downtown Performance andFaçade grants . Projected construction value is $11 million.
ProjectHarmony Square - 2008Nipissing University (2009)Freedom House (2010)Investment$20 million (residential)$3 million (public square)$4 million (institutional)$1.7 million (residential)Dental Office+ Boston Pizza (2010) $2 million (commercial)SC Johnson (2010) $5 million (institutional)97 Dalhousie (2011) $2.1 million (institutional)255 Colborne (2011) $5.7 million (residential)Research and Academic Centre (2011)Expositor Place (2012)$40 million (institutional)$11.7 million (mixedresidential and commercial)
Conclusion – municipal grants to theprivate sector and post-secondaryexpansion has created market conditionssupportive of downtown renewal.Annual construction value is nowsustained at $28 million a year withcurrent value assessment rising quickly.
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