Item - 2018.ZB24.7
Tracking Status
- This item was considered by Board of Management of the Toronto Zoo on November 29, 2018 and was adopted without amendment.
ZB24.7 - Magnovate Transportation Inc. - Revised Proposal
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Management of the Toronto Zoo:
1. Approved the installation of a fully functional Magnetic Levitation train ride at the Toronto Zoo, as outlined in the revised proposal received from Magnovate Transportation Inc., in the report (November 14, 2018) from the Chief Operating Officer, Toronto Zoo, subject to the following:
a. Magnovate satisfying the City of Toronto and the Toronto and Region Conservation Authority (TRCA) approval requirements to facilitate the construction/implementation process; and
b. Negotiation of the terms of an agreement with Magnovate acceptable to the Board.
Decision Advice and Other Information
Dan Corns, Magnovate Transportation Inc. addressed the Board of Management of the Toronto Zoo.
Origin
Summary
This report updates the Board on the results of the “Swiss Challenge” of the unsolicited proposal received from Magnovate Transportation Inc. (Magnovate) in 2016 and the subsequent revised proposal received from Magnovate to construct a demonstration and fully functional Magnetic Levitation (Maglev) train ride on the site of the original Domain Ride route at the Toronto Zoo, with recommendations of next steps for approval by the Board.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/zb/bgrd/backgroundfile-121837.pdf
Speakers
Dan Corns, Magnovate Corporation