Lansdowne Partnership Plan - Authorization to Proceed to the Next Steps in the Redevelopment Report

The recitals

• Lansdowne 2.0 incorporates a contribution of $2M to public art on site in line with the City’s Public Art Policy
• Lansdowne 2.0 will continue to preserve and incorporate the public art created through Lansdowne 1.0, which pre-dated the City’s Public Art Policy and reflects a $1.8 m contribution
• staff have made every effort to present a redevelopment plan that respects the City’s Fiscal Framework, incorporating public feedback and trying to ensure the project remains affordable
• waiving the Public Art Policy requirement for the Lansdowne 2.0 redevelopment project will reduce the capital contribution obligation of $2 million as outlined in the staff report and will assist Council in reducing cost pressures over the lifetime of the Lansdowne 2.0 agreement