Developers led by a businessman close to Premier Doug Ford want to build nine condo towers over a railway corridor in downtown Toronto, a site that former mayor John Tory envisioned as a kind of Central Park for the city.
The plan, dubbed Rail Deck District, would see towers as high as 65 storeys on the rail corridor south of Front Street, between Blue Jays Way and Bathurst Street.
The developers are dangling the possibility that as much as half the property could become park land, but city officials are hinting the price tag could be too high.
“We’re looking for more answers,” said Ausma Malik, the city councillor for the downtown ward of Spadina-Fort York. “I’m fighting to get as much of this development as possible to be publicly accessible green space.”
The consortium of companies behind the plan is CKF Rail Development Ltd. Partnership. The lead company in CKF is Craft Development Corp., which purchased the air rights to build over the rail lines from CN Rail in 2013.