This is an incredible opportunity for the City of Guelph, and it's 4 partners. Conestoga College, Innovation Guelph, YMCA/YWCA , CSA, University of Guelph, with the City of Guelph Public Library, 5 partners, share the cost.
350 residential units,
There will 1,075 parking spots, above and below grade
The City already owns the property.
Cost to the city is estimated at $42.5 million, but it will increase the value of the property to $222 million and generate an additional $1.2 million annually in property taxes.
The Baker Street District will also attract some 3,777 visitors downtown each day, and that will generate $43.7 million in retail
sales annually.
The Baker District will be built on city-owned land that is currently the Baker Street parking lot.
It creates jobs, it will contribute to the vibrancy of our downtown, it will bring partnerships together.
It's good for Guelph, it's good for business, and it's great for the economy.
You can find out more here
