Toronto Port Lands Company (TPLC) is the largest land owner in the Port Lands. The Port Lands are an extensive, underutilized area of 988 acres (400 hectares) located south of Lake Shore Blvd. and the Keating Channel/Don River. This area is rich in potential and unprecedented development opportunity, is bounded by the Toronto Inner Harbour to the West, Ashbridges Bay to the east and Lake Ontario to the south.
A self-financing municipal corporation, TPLC is wholly-owned by the City of Toronto. Through our l easing, development, Brownfield reclamation and land management activities we finance our operations, fund other operations and are able to deliver a financial dividend back to the City.
TPLC works closely with the City of Toronto to accelerate economic growth and job creation working with a wide range of public and private sector partners.
As manager and facilitator of the development of the port area, TPLC works closely with the City of Toronto’s Waterfront Secretariat, the Economic Development & Culture division in addition to other City divisions and government bodies including Waterfront Toronto and Toronto Port Authority. Other major partners include provincial government ministries and agencies such as Ontario’s Ministry of the Environment, the Ministry of Labour, Infrastructure Ontario, Ontario Power Generation, Toronto Parking Authority, Toronto Transit Commission, Toronto Terminal Railways and sister corporations Build Toronto and Invest Toronto.
The Port Lands are designated as a Regeneration Area and are part of Toronto’s long-term vision for the Port Lands to become a broad mix of commercial, residential, light industrial, parks and institutional use area in an urban form. The City of Toronto’s Official Plan and the Central Waterfront Secondary Plan are the guiding documents for development in the area.
Today, active planning is underway with the City of Toronto and Waterfront Toronto, to create the new Port Lands Planning Framework.