Top Development Properties - Niagara Falls, Ontario, Canada

Niagara’s Top Redevelopment OpportunitiesCity of Niagara FallsNiagara’s TopRedevelopmentOpportunitiesCity of Niagara Falls• Niagara Falls is a dynamic internationallyrenowned City with a population of 82,184.• Niagara Falls is located on the U.S./Canadianborder where the water from Lake Erie drops57 metres (180 feet), creating the magnificentCanadian Horseshoe and American waterfalls,and then travels at 56.3 kilometres/hour (35 miles/hour) down to the Niagara River which flows intoLake Ontario.• Because of its geographic location, NiagaraFalls contributes to economic generators suchas tourism, hydro generation, manufacturing,logistics and government services.• The tourism industry in Niagara Falls has existedfor centuries, and has evolved to match the everchanging demands of consumers.• The City is a manufacturing and logistics hub,taking advantage of Canadian and U.S. highways,rail and seaport connections to service a consumermarketplace of 156 million people.• The City has a diverse economic base and providesaccess to a labour force of half a million peopleresiding in the Niagara Region.• The City has a high ratio of small to mediumsized Canadian enterprises and North Americanheadquarters to foreign owned and operatedbusinesses.• The City of Niagara Falls is very active inplanning for redevelopment with three approvedCommunity Improvement Plans, including abroad range of financial incentives available toinvestors, developers and property owners.Arena Under ConstructionRevitalization and Returnon Investment (ROI) throughRedevelopment• On average, the City hosts in excess of 10,000overnight guests in addition to millions of daytrippers.Local Contact InformationPotential Development ConceptCurrent UseCity of Niagara Falls, Business Development | Community Services Department4310 Queen Street, P. O. Box 1023Niagara Falls, Ontario, Canada L2E 6X5T: 905.356-7521 x. 5102 or x. 5002 F: 905.357.9293E: sfelicetti@niagarafalls.ca or wcanavan@niagarafalls.caW: www.niagarafalls.ca4001 Fourth AvenueCity of Niagara FallsRegional Contact InformationNiagara Economic Development Corporation3550 St. David’s Road, 2nd Floor, P.O. Box 1042Thorold, Ontario, Canada L2V 4T7T: 905.685.1308 F: 905.688.5907 E: info@niagaracanada.comW: www.niagaracanada.com

LegendNiagara Falls4001 Fourth AvenueNiagara Falls, Ontario, Canada76.5 acres (31.0 ha)Situated just northwest of the downtown, this largedevelopment site is located within the Pilot Project Areaidentified as the highest priority for redevelopmentin the City of Niagara Falls Brownfields CommunityImprovement Plan. 16.5 acres of the original 93 acresite was severed and acquired by the City of NiagaraFalls for construction of a four pad arena complex.Construction of this arena complex, known as the GalesCentre, is currently underway. The remaining 76.5acres will be made available for development. The site isbisected by a hydro transmission corridor and ThoroldStone Road which will be extended into and throughthe site providing ready access to the Q.E.W. and twointernational bridge crossings . This site represents anexcellent opportunity for light industrial development.Recommended land uses include manufacturing,processing and assembly operations, warehousing anddistribution, service commercial and office buildings.Property Details• Frontage on Stanley Avenue (Regional Road 102) where it meetsThorold Stone Road (Regional Road 57) and Fourth Avenue.• Located just northwest of Niagara Falls downtown betweenthe hydro electric power canal to the west and the CN railmarshalling yard to the east and north.• The site is located in the City’s Pilot Project Area (PPA), therebybenefitting from the City’s most generous incentives forproperty remediation and redevelopment.• The site has an approved $1.9 million FCM Green MunicipalFund loan for remediation and risk management works.• 2 properties totalling 76.5 acres (31.0 ha) in total.• Site is bisected by a hydro transmission corridor.• The City of Niagara Falls is currently constructing a four padarena complex on an adjacent site that was formally part of thissite.• Current Owner: Cytec Canada Inc.Servicing• Full urban services are available to the site.Transportation• The site is located just minutes from the QEW, ProvincialHighway 420 and the Rainbow and Whirlpool Bridge crossingsto the USA.• Thorold Stone Road will be extended through the site toconnect to Victoria Avenue.• The site is serviced by Niagara Falls Transit bus route No. 12.Environmental Information• A modified Phase 1 Environmental Site Assessment (ESA) hasbeen completed for the site and is available upon request.Property Value and Taxes• Assessed Value in 2008 for the two properties (total) was$673,000 (CDN).• Property taxes in 2007 for the two properties (total) were$31,725 (CDN).Permitted and Recommended Land Uses• The site is designated Industrial in the City’s Official Plan andzoned Heavy Industrial (HI) and Heavy Industrial (HI-49).• Permitted uses include but are not limited to: manufacturing,assembly, fabricating, processing, recycling, warehousing,storage, distribution, laboratory and research. All forms ofservice industries and utilities are included as permitted uses inthe Industrial zone.• The City has initiated an amendment to its Official Plan andZoning By-law that proposes a number of changes within thePilot Project Area. The recommended designation for this siteis Light Industrial Zone (LI Zone) which includes uses such asmanufacturing, processing and assembly, repair and servicingof goods, machinery and equipment, wholesale establishments,warehousing, service commercial and office uses.• A copy of the current zoning by-law is available on the City ofNiagara Falls website at: http://www.niagarafalls.ca/city_hall/departments/planning/pdf/79-200.pdf.Assistance• The site is within the City’s Pilot Project Area which is thehighest priority area for redevelopment in the City of NiagaraFalls Brownfields Community Improvement Plan (CIP).• The site is eligible for financial assistance from the City ofNiagara Falls, the Regional Municipality of Niagara and theProvince of Ontario under the City’s Brownfield CIP programsand the Region’s Smarter Niagara Programs.• Financial assistance from the City of Niagara Falls and theRegional Municipality of Niagara under the Brownfield CIPincludes:• Environmental Study Grant;• Cancellation of the City and Regional Property Tax increasefor up to 5 years after project completion;• An annual Brownfields Rehabilitation grant of 80% of theincrease in City and Regional property taxes, for up to 10years or until all eligible costs have been reimbursed.• Exemption/waiver of up to 100% of the Municipal andRegional Development Charges payable on a project.• Financial assistance from the Province includes:• Cancellation of the Education Property Tax increase for upto 3 years or more after project completion.• The City of Niagara Falls has a Community Improvement PlanCoordinator and Business Development staff available to assistwith incentive program applications, streamlined planning andbusiness development services.

Niagara’s Top Redevelopment OpportunitiesCity of Niagara FallsNiagara’s TopRedevelopmentCity of Niagara Falls• Niagara Falls is a dynamic internationallyrenowned City with a population of 82,184.• Niagara Falls is located on the U.S./Canadianborder where the water from Lake Erie drops57 metres (180 feet), creating the magnificentCanadian Horseshoe and American waterfalls,and then travels at 56.3 kilometres/hour (35 miles/hour) down to the Niagara River which flows intoLake Ontario.• Because of its geographic location, NiagaraFalls contributes to economic generators suchas tourism, hydro generation, manufacturing,logistics and government services.• The tourism industry in Niagara Falls has existedfor centuries, and has evolved to match the everchanging demands of consumers.• On average, the City hosts in excess of 10,000overnight guests in addition to millions of daytrippers.• The City is a manufacturing and logistics hub,taking advantage of Canadian and U.S. highways,rail and seaport connections to service a consumermarketplace of 156 million people.• The City has a diverse economic base and providesaccess to a labour force of half a million peopleresiding in the Niagara Region.• The City has a high ratio of small to mediumsized Canadian enterprises and North Americanheadquarters to foreign owned and operatedbusinesses.• The City of Niagara Falls is very active inplanning for redevelopment with three approvedCommunity Improvement Plans, including abroad range of financial incentives available toinvestors, developers and property owners.Potential Development ConceptOpportunitiesRevitalization and Returnon Investment (ROI) throughRedevelopmentLocal Contact InformationCity of Niagara Falls, Business Development | Community Services Department4310 Queen Street, P. O. Box 1023Niagara Falls, Ontario, Canada L2E 6X5T: 905.356-7521 x. 5102 or x. 5002 F: 905.357.9293E: sfelicetti@niagarafalls.ca or wcanavan@niagarafalls.caW: www.niagarafalls.ca4770 and 4790 Victoria AvenueCity of Niagara FallsCurrent UseRegional Contact InformationNiagara Economic Development Corporation3550 St. David’s Road, 2nd Floor, P.O. Box 1042Thorold, Ontario, Canada L2V 4T7T: 905.685.1308 F: 905.688.5907 E: info@niagaracanada.comW: www.niagaracanada.com

Niagara FallsLegend4770 & 4790 Victoria AvenueNiagara Falls, ON, CanadaTwo properties totalling 1.4 acres (0.6ha.)This site is situated at the gateway intersection toDowntown Niagara Falls. Neighbouring land usesinclude commercial and low-density residential uses.This location features regular transit service and goodaccess to provincial highways and two internationalbridge crossings to the USA. Located within theDowntown Community Improvement ProjectArea, a range of financial incentives are available forredevelopment of this site under both the DowntownNiagara Falls Community Improvement Plan (CIP)and the Niagara Falls Brownfield CIP. The site iscurrently zoned General Commercial which permitsa range of uses including but not limited to retailoutlets and personal service shops, restaurants, placeof entertainment, limited offices, recreational usesand community and cultural facilities.Property Details• Property currently listed for sale.• 4790 Victoria Avenue (1 acre) contains a vacant 17,000 sq.ft.building previously used as a Canadian Tire store with anadjacent 0.4 acre parking lot.• Located at the gateway intersection to Downtown Niagara Falls.• L-shaped lot with frontage on Victoria Avenue, Huron Streetand Morrison Street.• Surrounding uses on Victoria Avenue consist mostly ofcommercial buildings or former residential dwelling/buildingsthat have been converted to retail or service use.• The surrounding neighbourhood is an established low densityresidential neighbourhood.• Potential for adaptive reuse of the existing building maybe limited.• Site is located within the City of Niagara Falls DowntownCommunity Improvement Project Area.• Current Owner of 4770 Victoria Avenue: Teng Chen Chien O.• Current Owner of 4790 Victoria Avenue: 2030688 Ontario Ltd.Servicing• There is a 250 mm (10˝) watermain along Morrison Street and a300 mm (12˝) watermain along Victoria Avenue.• There is a 200 mm (8˝) sanitary sewer along Morrison Street,a 250 mm (10˝) sanitary sewer along Huron Street, and a 600mm (24˝) combined sewer along Victoria Avenue.Transportation• Located at a high traffic intersection just minutes fromthe QEW, Provincial Highway 420 and the Whirlpool andRainbow Bridge crossings to the United States.• Serviced by Niagara Transit bus routes No. 2, No. 3, No. 4 andNo. 5.• Close to the Niagara Falls Train Station which is served byVia Rail.Environmental Information• A modified Phase 1 Environmental Site Assessment (ESA)has been completed for both properties and is available uponrequest.Property Value and Taxes• Assessed Value in 2008 for both properties (total) was$598,000 (CDN).• Property taxes in 2007 for the two properties (total) was$26,153 (CDN).Permitted and Recommended Land Uses• The site is designated Minor Commercial in the City’s OfficialPlan and zoned General Commercial (GC).• Permitted uses include but are not limited to a wide rangeof retail outlets and personal service shops, restaurants,place of entertainment, limited offices, recreational uses andcommunity and cultural facilities.• Recommended uses for the site include retail and servicecommercial, with potential for a mixed use building (retail/service commercial at grade and residential above).• Some of the recommended land uses may require an officialplan amendment and zoning by-law amendment for part or allof the site.• A copy of the current zoning by-law is available on the City ofNiagara Falls website at: http://www.niagarafalls.ca/city_hall/departments/planning/pdf/79-200.pdf.Assistance• This site is eligible for financial assistance from the City ofNiagara Falls, the Regional Municipality of Niagara and theProvince of Ontario under the City’s Brownfield CommunityImprovement Plan and Downtown Community ImprovementPlan programs and the Region’s Smarter Niagara Programs.• Financial assistance from the City of Niagara Falls and theRegional Municipality of Niagara includes:• Environmental Study Grant;• Cancellation of the City and Regional Property Tax increasefor up to 5 years after project completion;• An annual Brownfields Rehabilitation grant of 80% of theincrease in City and Regional property taxes, for up to 7years or until all eligible costs have been reimbursed oran annual Revitalization Grant equivalent to 80% of theincrease in City and Regional property taxes in years 1-5after rehabilitation, 60% in years 6 and 7, 40% in year 8, and20% in years 9 and 10;• Exemption/waiver of up to 100% of the Municipal andRegional Development Charges payable on a project;• Residential Loan Program offering a 0% interest loan equalto $20 per sq.ft. to a maximum of $20,000 per unit for newresidential units; and,• Commercial Building and Facade Grant equivalent to50% of the cost of eligible interior and exterior buildingimprovement works to a maximum grant of $10,000.• Financial assistance from the Province includes:• Cancellation of the Education Property Tax increase for upto 3 years or more after project completion.• City of Niagara Falls has a Community Improvement PlanCoordinator and Business Development staff available to assistwith incentive program applications, streamlined planning andbusiness development services.

Niagara’s Top Redevelopment OpportunitiesCity of Niagara FallsNiagara’s TopRedevelopmentCity of Niagara Falls• Niagara Falls is a dynamic internationallyrenowned City with a population of 82,184.• Niagara Falls is located on the U.S./Canadianborder where the water from Lake Erie drops57 metres (180 feet), creating the magnificentCanadian Horseshoe and American waterfalls,and then travels at 56.3 kilometres/hour (35 miles/hour) down to the Niagara River which flows intoLake Ontario.• Because of its geographic location, NiagaraFalls contributes to economic generators suchas tourism, hydro generation, manufacturing,logistics and government services.• The tourism industry in Niagara Falls has existedfor centuries, and has evolved to match the everchanging demands of consumers.• On average, the City hosts in excess of 10,000overnight guests in addition to millions of daytrippers.• The City is a manufacturing and logistics hub,taking advantage of Canadian and U.S. highways,rail and seaport connections to service a consumermarketplace of 156 million people.• The City has a diverse economic base and providesaccess to a labour force of half a million peopleresiding in the Niagara Region.• The City has a high ratio of small to mediumsized Canadian enterprises and North Americanheadquarters to foreign owned and operatedbusinesses.• The City of Niagara Falls is very active inplanning for redevelopment with three approvedCommunity Improvement Plans, including abroad range of financial incentives available toinvestors, developers and property owners.Potential Development ConceptOpportunitiesRevitalization and Returnon Investment (ROI) throughRedevelopmentLocal Contact InformationCity of Niagara Falls, Business Development | Community Services Department4310 Queen Street, P. O. Box 1023Niagara Falls, Ontario, Canada L2E 6X5T: 905.356-7521 x. 5102 or x. 5002 F: 905.357.9293E: sfelicetti@niagarafalls.ca or wcanavan@niagarafalls.caW: www.niagarafalls.ca4431 Victoria AvenueCity of Niagara FallsCurrent UseRegional Contact InformationNiagara Economic Development Corporation3550 St. David’s Road, 2nd Floor, P.O. Box 1042Thorold, Ontario, Canada L2V 4T7T: 905.685.1308 F: 905.688.5907 E: info@niagaracanada.comW: www.niagaracanada.com

Niagara FallsLegend4431 Victoria AvenueNiagara Falls, Ontario, Canada4.7 acres (1.9 ha)This site is well located at the corner of the majorintersection of Bridge Street and Victoria Avenue.The property is close to the Niagara Falls downtown,the Great Wolf Lodge resort, and Via Rail station.With good access to provincial highways and twointernational bridge crossings to the United States,this site is ideal for a mix of commercial uses,with the possibility of some residential use. Theexisting commercial building, now vacant, mayprovide an opportunity for adaptive reuse. Locatedwithin the Downtown Community ImprovementProject Area, redevelopment of the site could befinancially supported by both the Downtown andthe Brownfield Community Improvement Planprograms. This site has a number of potential reuseand redevelopment options.Property Details• This 4.7 acre site is located in Downtown Niagara Falls atthe northwest corner of the intersection of Bridge Street andVictoria Avenue, close to the Great Wolf Lodge.• The brick and concrete block building on the site isapproximately 37,300 sq.ft. This building (known locally as theformer Kimberly Clark Building) was used for manufacturingand warehousing, but has been vacant for several years.• The building may have potential for adaptive reuse, dependentupon results of a structural inspection.• This site is currently available for development.• There is a rail line directly north of the property.• The surrounding neighbourhood consists primarily of lightindustrial and commercial buildings with established lowdensity residential uses in the surrounding area.• The site is located within the City of Niagara Falls DowntownCommunity Improvement Project area.• Current Owner: Rudan Export Ltd.Servicing• The site is serviced by a 300 mm (12”) water main on VictoriaAvenue.• There is a 450 mm (18”) combined sewer across the northerlylimit of the property and a 200 mm (8”) combined sewer onVictoria Avenue near Bridge Street.Transportation• The site is located minutes from the QEW, Provincial Highway420 and the Whirlpool and Rainbow Bridge crossings to theUnited States.• The site is close to Niagara Falls Via Rail station on BridgeStreet.• The site is not currently serviced by Niagara Transit, butexisting routes No. 2 through 5 run in close proximity to thesite.Environmental Information• A modified Phase 1 Environmental Site Assessment (ESA) hasbeen completed for the site and is available upon request.Property Value and Taxes• Assessed Value in 2008 for the site was $325,000 (CDN).• Property taxes for the site in 2007 were $12,460 (CDN).Permitted and Recommended Land Uses• The site is designated Industrial in the City’s Official Plan andzoned General Industrial (GI-53) in the City’s Zoning By-lawwhich permits manufacturing (including several specific typeof factory and plant uses), storage, warehousing and wholesaleestablishments.• Recommended uses for the site include a mix of commercialuses either through reuse of the existing building, and/ordemolition of the existing building and construction of a newbuilding.• Some of the recommended land uses may require an officialplan amendment and zoning by-law amendment for part or allof the site.• A copy of the current zoning by-law is available on the City ofNiagara Falls website at: http://www.niagarafalls.ca/city_hall/departments/planning/pdf/79-200.pdf.Assistance• This site is eligible for financial assistance from the City ofNiagara Falls, the Regional Municipality of Niagara and theProvince of Ontario under the City’s Brownfield CommunityImprovement Plan and Downtown Community ImprovementPlan programs and the Region’s Smarter Niagara Programs.• Financial assistance from the City of Niagara Falls and theRegional Municipality of Niagara includes:• Environmental Study Grant;• Cancellation of the City and Regional Property Tax increasefor up to 5 years after project completion;• An annual Brownfields Rehabilitation grant of 80% of theincrease in City and Regional property taxes, for up to 7years or until all eligible costs have been reimbursed oran annual Revitalization Grant equivalent to 80% of theincrease in City and Regional property taxes in years 1-5after rehabilitation, 60% in years 6 and 7, 40% in year 8, and20% in years 9 and 10.• Exemption/waiver of up to 100% of the Municipal andRegional Development Charges payable on a project;• Residential Loan Program offering a 0% interest loan equalto $20 per sq.ft. to a maximum of $20,000 per unit for newresidential units;• Commercial Building and Facade Grant equivalent to50% of the cost of eligible interior and exterior buildingimprovement works to a maximum grant of $10,000;• Financial assistance from the Province includes:• Cancellation of the Education Property Tax increase for upto 3 years or more after project completion.• The City of Niagara Falls has a Community Improvement PlanCoordinator and Business Development staff available to assistwith incentive program applications, streamlined planning andbusiness development services.

Niagara’s Top Redevelopment OpportunitiesCity of Niagara FallsNiagara’s TopRedevelopmentCity of Niagara Falls• Niagara Falls is a dynamic internationallyrenowned City with a population of 82,184.• Niagara Falls is located on the U.S./Canadianborder where the water from Lake Erie drops57 metres (180 feet), creating the magnificentCanadian Horseshoe and American waterfalls,and then travels at 56.3 kilometres/hour (35miles/hour) down to the Niagara River whichflows into Lake Ontario.• Because of its geographic location, NiagaraFalls contributes to economic generators suchas tourism, hydro generation, manufacturing,logistics and government services.• The tourism industry in Niagara Falls has existedfor centuries, and has evolved to match the everchanging demands of consumers.• On average, the City hosts in excess of 10,000overnight guests in addition to millions of daytrippers.• The City is a manufacturing and logisticshub, taking advantage of Canadian and U.S.highways, rail and seaport connections toservice a consumer marketplace of 156 millionpeople.• The City has a diverse economic base andprovides access to a labour force of half amillion people residing in the Niagara Region.• The City has a high ratio of small to mediumsized Canadian enterprises and North Americanheadquarters to foreign owned and operatedbusinesses.• The City of Niagara Falls is very active inplanning for redevelopment with three approvedCommunity Improvement Plans, including abroad range of financial incentives available toinvestors, developers and property owners.OpportunitiesCurrent Niagara Falls History MuseumLocal Contact InformationCity of Niagara Falls, Business Development | Community Services Department4310 Queen Street, P. O. Box 1023Niagara Falls, Ontario, Canada L2E 6X5T: 905.356-7521 x. 5102 or x. 5002 F: 905.357.9293E: sfelicetti@niagarafalls.ca or wcanavan@niagarafalls.caW: www.niagarafalls.caRegional Contact InformationHistoric Drummondville DistrictCity of Niagara FallsProposed Renaissance Retirement ProjectNiagara Economic Development Corporation3550 St. David’s Road, 2nd Floor, P.O. Box 1042Thorold, Ontario, Canada L2V 4T7T: 905.685.1308 F: 905.688.5907 E: info@niagaracanada.comwww.niagaracanada.com

Niagara FallsHistoric Drummondville DistrictThe Historic Drummondville District in Niagara Falls contains theMain and Ferry Tourism District and is located in close proximity to theFallsview Tourism District, with access to the Falls viewing areas, theFallsview Casino Resort, Niagara Parks, and the new Niagara Conventionand Civic Centre (under construction). The Historic DrummondvilleDistrict is also just to the east of the Lundy’s Lane Tourism District and inclose proximity to the Clifton Hill Tourism District.The Historic Drummondville District is home to the Main and FerryCommercial District with over 110 business addresses on Main and FerryStreets. The District is rich in heritage with the site of the historic battle ofLundy’s Lane, the Battle Ground Hotel Museum, Drummond Hill Cemeteryand the Niagara Falls History Museum. The Historic Drummondville Districtis also home to the Main Street Farmer’s Market and the District is surroundedto the north, south and west by stable residential areas.The Historic Drummondville District offers a number of business anddevelopment opportunities in the form of vacant buildings and sites. The Cityalso offers a number of incentive programs under its Historic DrummondvilleCommunity Improvement Plan (CIP) to assist in the rehabilitation,improvement and redevelopment of these vacant buildings and sites.The Bicentennial of the War of 1812 Lundy’s Lane Battlefield LegacyProject is the City’s cornerstone foundation for redeveloping theHistoric Drummondville District. This $11 million project includes:• Restoration and expansion of the Niagara Falls HistoryMuseum Building to provide a War of 1812 Visitor Centre andaccess to people of all ages to actively learn about and engagewith the community’s heritage; and,• Redevelopment of the Lundy’s Lane Battlefield National HistoricSite to provide increased pedestrian access, parking, open space andimprovements to the Battleground Hotel Museum.Recent Private Sector ProjectsThe Historic Drummondville CIP has initiated millions ofinvestment dollars into the Historic Drummondville District. SinceOctober of 2006 when the CIP was approved, 14 applications havebeen approved. The City has committed to $1,528,427 in grantsand loans corresponding to $18,696,326 in new constructionexpenditures in the District. A few examples of projects takingadvantage of funding from the City available under the HistoricDrummondville CIP are described below.Historic Drummondville Community Improvement Project AreaArtist Rendering of Lundy’s Lane Gateway FeatureThe Historic Drummondville Community Improvement Plan (CIP)The Historic Drummondville CIP was approved in November of 2006 andapplies to the Historic Drummondville Community Improvement ProjectArea. This CIP contains four incentive programs offered by the City ofNiagara Falls to assist property and business owners improve buildingsand redevelop properties in the Historic Drummondville CommunityImprovement Project Area. The four incentive programs are:1. Commercial Building and Facade Improvement Grant Program;2. Residential Loan Program;3. Revitalization Grant Program; and,4. Peer-Robinson Residential Rehabilitation Grant Program.The Commercial Building and Facade Improvement Grant Program offersa grant equal to the cost of facade improvement and building maintenanceand improvement works to a maximum grant of $25,000 per property.The Residential Loan Program offers a loan of $20 per sq.ft. of habitable floorspace created to a maximum of $20,000 per unit and $500,000 per property.The loan is interest free and must be repaid in monthly installments over a fiveyear period commencing one year after project completion.The Revitalization Grant Program provides an annual grant to the projectproponent for up to ten years after project completion. This grant is fundedfrom the increase in City and Regional property taxes generated by theredevelopment or rehabilitation project. The grant is equal to:• 80% of the City/Regional property tax increase in years 1 to 5 afterproject completion;• 60% in years 6 and 7;• 40% in year 8; and,• 20% in years 9 and 10.The Peer- Robinson Residential Rehabilitation Grant Program provides aone-time grant equal to 50% of the cost of exterior building maintenance andproperty improvement works to a maximum grant of $10,000 per property.Eligible properties are those bounded by Main Street, Peer Street, AllendaleAvenue and Robinson Street.Cornerstone Public ProjectsThe Historic Drummondville CIP also recommended a number of majorpublic realm improvement projects.Servicing and streetscape improvements along Main Street and Ferry Streetare scheduled to commence in 2010.Artist Rendering of Niagara Falls History Museum Expansion andRenovation - ExteriorArtist Rendering of Niagara Falls History Museum Expansion and Renovation- Front to Back View (left) Back to Front View (right)A planned retrofit of the Main Street Farmers’ Market will promote there-establishment of a vibrant, mixed use area with better connections toMain Street. The existing market building will be replaced with a newbuilding having frontage on Main Street. The new 8,000 sq.ft. buildingwill allow indoor year-round vendors and the number of vendors to beincreased. The new market building will also include a culinary showcasearea for demonstrations and special events. There will be two mainentrances, one from Main Street and one from the City’s Sylvia Placeparking lot. The redevelopment of the Farmers’ Market will coincidewith the Lundy’s Lane Battlefield Legacy Project. These two projectswill help draw tourists, shoppers and business activity to the HistoricDrummondville District.Artist Renderings of the new Farmers’ MarketPatterson Funeral Home, 6062 Main StreetPatterson Funeral Home, located at 6062 Main Street completedan 8,485 sq.ft. expansion and renovation of the existing 7,000 sq.ft.building in the Spring of 2009.Napoli Restaurante & Pizzeria, 5485 Ferry StreetThe owners of Napoli Restaurante & Pizzeria used CIP programfunding to complete exterior facade improvements to their buildingat the corner of Stanley Avenue and Ferry Street.Petrullo Hair Design, 6032 Main StreetSeveral new businesses have also used the CIP incentives to upgradebuildings and open new business in the Historic DrummondvilleDistrict. These include Petrullo Floral Design, and the NiagaraOrthopaedic Institute.