The City of Toronto has made amendments to the Commercial Façade Improvement Program, including;
– eliminate the five-year wait period or Business Improvement Area (BIA) program eligibility;
– expand the types of eligible improvements to provide greater incentive to industrial properties and commercial strip plazas;
– increase the individual maximum grant value from $10,000 to $12,500;
– offer additional financial support for single-owner strip plazas and adjoining properties; and provide an additional financial incentive for improvements that achieve AODA compliance.
The program has been a cost-effective way to improve the attractiveness and economic viability of the city’s traditional main streets. The amendments proposed in this report will help to achieve similar results in commercial strip plazas and industrial properties more typical of the inner suburbs and industrial areas.
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