Item - 2016.PW12.12

The Liberty and King Liberty Village areas of the City contain significant residential and employment lands and are experiencing strong growth. Congestion within this area of the City is increasing and improved accessibility and connectivity has been identified as a key need.

At its meeting of November 13, 2008, Planning and Growth Management Committee directed staff to undertake an Environmental Assessment (EA) to secure planning approvals for the design and implementation of a local, east-west street north of the railway corridor in the Liberty Village area.

A Municipal Class EA has been completed and the recommended plan includes a new east-west street, extending between Strachan Avenue and Dufferin Street. The new street would be located north of the Lake Shore West GO Transit rail corridor and would improve accessibility to and from Liberty Village and connectivity throughout.

Based on preliminary estimates, the new road will cost approximately $68 to $75 million. This includes design and construction costs and potential property acquisition costs. Funds for the Liberty New Street are not currently included in the 10-year capital plan and, therefore, a financial strategy needs to be developed to identify various City and non-City funding sources.