Toronto Port Lands Company (TPLC) is the largest land owner in the Port Lands. The Port Lands are an extensive regeneration area of 988 acres (400 hectares) located south of Lake Shore Boulevard. and the Keating Channel/Don River. This area 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 development, leasing, Brownfield reclamation and land management activities, we finance our own operations, fund other operations and 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 a number of stakeholders in addition to City divisions and government bodies. 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 to create the new Port Lands Planning Framework.
Toronto’s waterfront is one of the city’s greatest historical, cultural, social and economic assets. TPLC’s commendable work in the Port Lands is an essential key to unlocking this potential and establishing a strong foundation for generations to come. Michael Thompson, City of Toronto Councillor (2003-present)