Timeline of the City Centre Project
Pickering Council receives a significant update related to the long-term financial and economic impacts of the project and decides to defer all work pending further review.
Factors include high-inflation environment – costs for routine service delivery and construction/building activity has increased significantly.
The City retains KPMG and Hariri Pontarini Architects to complete a review of the project and present new options for consideration based on cost estimates and financial implications.
Pickering Council is presented with three different options for a new project design and transaction structure, and selects its preferred concept.
Community engagement. Members of the public are invited to review Council’s preferred concept and provide input on the proposed features and amenities.
KPMG, informed by input from the community, will develop a business case with updated designs, financial model, and recommendations on preferred partnership and governance structures for the City Centre concept.
Council confirms Pickering City Centre Project Phase One (City Centre Park) as the second capital budget priority.
City Centre Park: At the Special Council Meeting of January 18, 2024 (Report FIN 01-24(External link)), Council confirmed Pickering City Centre Project Phase One (which is the City Centre Park) as the second capital budget priority. Furthermore, Council recommended that the Mayor be requested to include this project in the 2024 Capital Budget ($1.5 million for design) and 2025-2033 Capital forecast ($13.5 million dollars for construction and related costs).
Council defers Pickering City Centre Phase Two to 2028, pending completion of the Seaton Recreation Complex & Library
Pickering City Centre Project Phase Two: At the Special Council Meeting of January 18, 2024 (Report FIN 01- 24(External link)), Council deferred Pickering City Centre Phase Two (Scenario 6) to 2028, upon the completion of the Seaton Recreation Complex & Library