Item - 2026.MM39.75

City Council on March 25 and 26, 2026, adopted the following:

1. City Council direct the General Manager, Economic Development and Culture and the Executive Director, City Planning, in consultation with the Chief Financial Officer and Treasurer, to report back to City Council no later than May 2026 on available short-term options to preserve the continued operation of the public recreational facility currently operating on the vacant development site at Yonge and Rosehill.

2. City Council direct the City Manager to request the Province of Ontario and the Municipal Property Assessment Corporation to address classification issues with development sites in transition, and to immediately review of the commercial reclassification of the property at 1965-1975 Rosehill.

3. City Council direct the General Manager, Economic Development and Culture and the Chief Planner and Executive Director, City Planning, in consultation with the Chief Financial Officer and Treasurer, to report back to the Economic Development Committee no later than the first quarter of 2027 with policy options to support interim, community-oriented uses on vacant development sites in the City of Toronto, including:

a. a review of the City of Vaughan's Community Improvement Plan, including its eligibility criteria, financial structure and impacts, and implementation experience, and an assessment of whether Vaughan's approach can be adapted for Toronto;

b. an analysis of whether the existing Economic Development and Growth in Employment Community Improvement Plan is an appropriate vehicle for interim use incentives, and if not, the rationale for a new Community Improvement Plan program stream; and

c. proposed eligibility criteria, financial impacts, and program governance for a new interim use Community Improvement Plan program stream if staff deem necessary, and an implementation plan and timeline for launch.

4. City Council request that the General Manager, Economic Development and Culture consult with representatives of the development industry, Business Improvement Areas, community organizations active in interim use programming, and the Municipal Property Assessment Corporation, as appropriate.