City of Toronto Tower Renewal Program CAIC Presentation September 7, - - PowerPoint PPT Presentation

City of Toronto Tower Renewal Program

CAIC Presentation – September 7, 2016

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Photo by Jesse Colin Jackson

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A program to drive broad environmental, social, economic, and cultural change by improving Toronto’s concrete apartment towers and the neighbourhoods that surround them.

Tower Renewal

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Inefficient buildings State

• f good repair

Underused space Lack of services

Photo by Jesse Colin Jackson

Challenges

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Invested people Solid structures Significant change possible Affordable

• ption

Opportunities

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48%

Towers Across Toronto

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Revitalization?

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Efficiency, Conservation , Renewables and Diversion

Improving Performance

Benchmarking

STEP

Site assessment Action planning

Site Focused Support

• Pay for improvements over time

using savings to offset costs

• Low, fixed interest rates and

longer payment terms

• Payments via the property tax bill
• Access to utility incentives
• Pilot ends December 2016

Hi-RIS Financing

Low Interest Loans for Energy Retrofits

Save Money. Save Energy. Renew.

Window and Balcony Door Replacement Results:

• over 90% of financing costs offset by savings
• Energy consumption savings: 25%+
• Improved overall building value
• Improved building condition & aesthetics
• Improved resident comfort & tenant retention

Hi-RIS Financing

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Beautification, Gathering Areas, Social Supports, Complaint Response

Improving Quality of Place

San Romanoway Revitalization

Master Plan

San Romanoway Outdoor Revitalization

RAC Zoning

Commercial and Community Uses

• n Ground Floor and Outside

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Revitalization?

• … Holistic
• … Cost saving
• … Value enhancing

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www.toronto.ca/tower_renewal

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Aderonke Akande Project Manager aakande@toronto.ca