Vision for Downtown Ajax – About <!--TABS--> <script type="text/javascript" src="http://www.owenpellegrin.com/blog/highlight/scripts/shCore.js"></script> <script type="text/javascript" src="http://www.owenpellegrin.com/blog/highlight/scripts/shBrushCSharp.js"></script> <script type="text/javascript" src="http://www.owenpellegrin.com/blog/highlight/scripts/shBrushVb.js"></script> <script type="text/javascript" src="http://www.owenpellegrin.com/blog/highlight/scripts/shBrushXml.js"></script> <link type="text/css" rel="stylesheet" href="http://www.owenpellegrin.com/blog/highlight/styles/shCore.css"/> <link type="text/css" rel="stylesheet" href="http://www.owenpellegrin.com/blog/highlight/styles/shThemeDefault.css"/> <script type="text/javascript"> SyntaxHighlighter.all(); </script> <!--TABS-->

About

On July 9, 2009, Ajax Council authorized the strategic acquisition of land at the southwest corner of Bayly Street and Harwood Avenue, as a critical step in advancing the development of a vibrant Downtown for Ajax. The site is of singular importance due to:

  • its locations as a focal point and gateway for the Downtown;
  • the opportunities it provides for development next to existing public facilities;
  • its ability to provide for a meaningful urban public place that symbolizes a true Downtown for Ajax;
  • its ability to accommodate appropriate development on a highly visible, vacant site in the centre of the Downtown as a model for Downtown redevelopment initiatives; and,
  • the Town’s ability to acquire the site under the CIP program which provides the Town the ability to directly control the format, program and outcome of new development in a manner that positively responds to a critical gap in the Downtown urban structure.

Medallion Developments (Bayly Square) Limited received site plan approval in the summer of 2012 for the first phase of a comprehensive three phase development including approximately 1,750 residential units, offices, retail space, public space and a new civic square.

The development will establish an intensive, mixed-use, pedestrian-oriented district, with an economically viable retail uses.

A key Gateway Site will be developed with landmark buildings that present front fa├žades and primary pedestrian entranceways to the street, and a distinct high quality urban square. Surface parking, loading and service areas would be limited. The proposal will be consistent with Ajax’s ecosystem-based approach including the use of ‘green’ technologies. A grid pattern of closely spaced streets will be provided to enhance pedestrian and vehicular connectivity. Pedestrian/bicycle travel and public transit will occur by way of a safe and connected network of sidewalks, walkways, urban squares and gathering spaces connected to public sidewalks. The development will accommodate households of varied ages, incomes and demographic composition.

Learn more about the site features

Economic Benefits

  • The Town is expected to net approximately $36.5 million in tax revenue over the next 40 years as a result of the development. From 2013 to 2026, total Ajax property taxes net of CIP incentives are estimated at $9.5 million (20% of the total property taxes payable). From 2026 onward, Ajax property taxes from the site are estimated to be $1.4 million per year.
  • In addition to the property taxes, other benefits total $2.3 million worth of park land for Pat Bayly Square as well as public parking spaces, indoor public space and the extension of Kitney Drive.
  • The total financial benefit to the Region of Durham over the next 40 years is approximately $135 million. The Region of Durham will receive $17 million in development charges for construction of infrastructure, and approximately $120 million in property taxes.
  • The development will create over 200 jobs, approximately 107 spin-off jobs in the Downtown core, and approximately 20 jobs will be generated to service the residential component.
  • Total population at build out is estimated at 3,200 persons. It is projected that residents of the development will spend about $71.6 million on goods and services each year in Ajax, totaling $2 billion by 2053.
  • Direct and indirect construction-related employment will earn almost $126 million in wages and salaries.
  • Estimated cost of construction is $280-$300 million.
  • The total Town, Region and Community financial benefit combined is approximately $2.6 billion by 2053.

Vision for Downtown Ajax » About