Mississauga City Council has endorsed the proposed redevelopment of the former Imperial Oil Lands at 70 Mississauga Road South and 181 Lakeshore Road West in Port Credit, Ont. The 72-acre property has sat vacant for nearly 30 years.
“I am pleased that we are moving forward with next steps to revitalize these former brownfield lands into a vibrant waterfront destination that will attract residents from Mississauga and beyond,” said Mississauga Mayor Bonnie Crombie in a press statement.
The Port Credit West Village Partners are in the final stages of remediating the former industrial site in preparation for the development of the Brightwater community project –2,995 new residential units in a mix of housing forms and tenure, including condominium suites and executive townhomes, as well as a vibrant retail and commercial component along Lakeshore Road West and on the waterfront.
“For the first time in over 100 years, these former Texaco/Imperial Oil lands are going to finally be cleaned up, with no government or taxpayer money going into the remediation effort,” Councillor Stephen Dasko stated at the Planning and Development Committee meeting on July 29.
According to the press release, Port Credit West Village is one of Mississauga’s three key redevelopment projects, together with 1 Port St. E. and the Lakeview Waterfront.
City staff will attend the Local Planning Appeal Tribunal (LPAT) hearing scheduled for Aug. 7, when a final decision will be made. If LPAT approves the matter, construction is anticipated to start in 2020.