Municipal Development Corporation / Midland Bay Landing
Midland Bay Landing (formerly the Unimin Lands) is a
16.24 hectare waterfront redevelopment property with almost 1,100 metres of
frontage on Midland Bay, of Georgian Bay, adjacent to Downtown Midland. In June 2013, Council approved the Unimin
Waterfront Lands Master Plan to guide the future redevelopment of this
significant brownfield site. The Master
Plan was developed over the course of 6 months and included extensive public
participation through public meetings, social media, and written comments. A contest was held to select a name for the development and Midland Bay Landing was chosen as the winning entry.
In order to lead the redevelopment of Midland
Bay Landing, the Town of Midland acquired the site on July 15, 2014 for a purchase price of $3.4 million. A Waterfront Development Steering Committee wsa established to monitor the project on behalf of Town Council.
An extensive process of identifying potential users and developers was held over a period of months and a Request for Expression of Interest was issued by the Town in July, 2014. This resulted in the selection of Mountain Ridge Estates as the developer of the property.
A Memorandum of Understanding (MoU) was signed by both parties for a period of 2 years.
UPDATE APRIL 2018
The Midland Bay Landing Development Corporation was incorporated on April 11, 2018.
UPDATE DECEMBER 2017
Midland Council has approved the creation of a Municipal Services/Development Corporation for the Midland Bay Landing development. Midland Bay Landing (formerly the Unimin Lands) is a 16.24 hectare waterfront redevelopment property that the Town acquired in July 2014 for a purchase price of $3.4 million.
One of the final steps in the process leading up to the consideration of the Municipal Services/Development Corporation was a Public Open House held on October 30, 2017. The Staff report summarized the feedback received and presented the Business Case for Council’s final consideration and approval.
The Town will now proceed to incorporate the new entity. Following the creation of the Company, Council will be asked to approve the shareholder direction along with a process to identify and populate the Board of Directors. It is anticipated that these matters will be presented to Council for consideration and approval in the early part of the New Year.
Mayor Gord McKay noted that, “the creation of a Municipal Development/Services Corporation for the Midland Bay Landing site will support the vision which Council and the community have created for the site. This initiative supports Council’s Strategic Plan Priority of Economic Development and Tourism, it is clear that the Midland Bay Landing project holds the potential to be a significant economic driver for the Town, and is a vital component in support of the future of the Downtown.”
The work of the Municipal Services/Development Corporation will be guided by the approved Midland Bay Landing Waterfront Master Plan, which incorporates public waterfront access and public amenities that will remain a legacy for the community to enjoy well into the future.
The Town of Midland is committed to making information available about the new Corporation on the municipal website at www.midland.ca as it becomes available.
UPDATE APRIL 2017
Midland Council and the Mountain Ridge Estates Development Inc. have agreed to terminate their agreement respecting the Midland Bay Landing development. The two-year old Memorandum of Understanding (which laid out a timetable for various initiatives) has been mutually terminated by the parties.
Although the business arrangement has come to an end, the Town still retains ownership and control of this prime waterfront asset. While the project did not unfold as anticipated, the Town notes that there have been a number of positive outcomes over the course of this arrangement.
The Town retains a $250,000 security deposit specific for future site remediation and environmental clean-up.
The Town's internal carrying costs over the 2-year period of the agreement were paid by the developer.
An Official Plan Amendment as well as various aspects of the Waterfront Master Plan has been adopted, allowing the conversion of the industrial waterfront site into a vibrant mixed-use waterfront neighbourhood.
Then Town has developed a draft Community Improvement Plan (CIP) which contemplates financial incentives for future development of this site.
The lands have now been converted into Absolute Titles (Land Titles), providing future ownership the security and knowledge that ownership is certified.
The Town has also developed a streamlined planning and approval process for this site that will include further consultation with the community.
The Midland Bay Landing development opportunity continues to appreciate in value given it is Midland's prime waterfront real estate. An asset that is a jewel in Midland's real estate portfolio.
For real estate and development inquiries please contact John Skorobohacz CAO, Town of Midland.
For inquiries related to MBLDC please contact Amanpreet Sidhu, Director of Corporate Services/Town Solicitor, Town of Midland.
For inquiries related to the Municipal Comprehensive Review and Official Plan Amendment process please contact Wesley Crown, Director of Planning, Town of Midland.