Prime Minister Justin Trudeau, Ontario Premier Kathleen Wynne and Mayor John Tory have announced that the port lands will undergo a $1.2 billion makeover called the Toronto Port Lands Flood Protection.
“This project will help residents of Canada’s largest city adapt to the impacts of a changing climate while spurring local economic growth,” said Trudeau in a press release.
The plan involves long-term residential and commercial development with the addition of new parks and green space. The green space will aim to provide new habitats for native species and aquatic animals, as well as become part of the plan to increase the city’s resilience to floods. The project also plans to reconstruct the mouth of the Don River.
$384 million of the $1.2 billion will be funded by the federal government, and the money will be given to Waterfront Toronto, who will implement the changes.