Council Votes to Return MRC Property to Province and Enter Open Market

Posted On Wednesday June 26, 2019
NEWS RELEASE
June 26, 2019
 
Council Votes to Return MRC Property to Province and Enter Open Market 
 
Gravenhurst, ON - At last night’s Planning Council Meeting, an update on the Muskoka Regional Centre (MRC) property was given, providing Council with new options to consider. During the meeting, Council was informed that the Joint Venture (JV) involving Maple Leaf Schools was unable to come to the required terms of the Province and would no longer be interested in pursuing the property.
 
“This is certainly a setback to have Maple Leaf Schools leave the negotiating table. We were very optimistic that they could come to terms with the Province and reach a partnership,” said Mayor Paul Kelly. “This venture has always been an ideal fit for the Town, sharing our vision of a positive economic outcome for Gravenhurst, I am disappointed, yet optimistic an ideal partner for this project will come forward,” said the Mayor.
 
By way of this new information, Staff presented Council with two options for consideration;
 
The first option presented would see the Province return the property to the open market for sale. This option would eliminate any further financial or environmental risk to the Town and expose the property to immediate attention on the open market, however Town zoning and expectations of proponents would still be required.  
 
The second option would see the Town explore the possibility of conducting another market search for a new development partner. This option would need the Province’s cooperation to do so, however would provide Council with the ability to retain some control over the end result, however the same terms and conditions required of Joint Venture project by the Province would still be required of any new proponent. 
 
Following a short discussion, Council chose to follow the Staff recommendations to inform IO that Joint Venture/Maple Leaf Schools were not interested in proceeding with the property, therefore allowing the MRC property to be opened up to the broader public sector to gauge interest, before returning to the open market. 
 
“While the decision of Council is to return the property to the Province and enter the open market, every reasonable effort will be taken to ensure that the property is developed in a manner that represents the best value to the community,” said Glen B. Davies, Chief Administrative Officer.
 
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For more information, please contact:
 
Paul Kelly
Mayor - Town of Gravenhurst
705-687-3412 Ext 234