Roger's Toronto market receives boost
The troubled Rogers Stirk Harbour + Partners project to redesign a historic Toronto market building has received an unexpected funding boost
A report to Toronto City Council last month warned that the anticipated cost of the St Lawrence Market North scheme had spiralled by more than £10m.
But councillors have now agreed to allow design work to continue - and approved the increased cost outright rather than deferring it to a later budget meeting as expected.
They voted 40 to 1 in favour of authorising further work, with an amendment included to start work on a business plan in a bid to increase revenue to offset the higher bills.
The council then voted 31 to 10 in favour of adopting the revised funding plan immediately, rather than deferring it.
It comes after a report from the deputy city manager to the council in June said the scheme was expected to cost $91.5m (£60m).
This was up from $74.9million in the council’s 2010 capital budget – despite cost-cutting adaptions to the original competition-winning scheme (AJ 08.06.2010), designed in collaboration with Adamson Associates Architects.
The project will include 14 Courtrooms and JP offices; 250 parking stalls; court and police service administrative offices; an art gallery, a restaurant, and a farmers market area.
AJreported last month that data from national agency the Canada Mortgage and Housing Corporation showed construction of new houses was at a six-month high in May 2013.