Social Pro Forma

The intangible developments, such as opportunities for community building, partnerships, developing community identity, pride, and heritage, and the internal redevelopment of Cornwall are not as easy to quantify as the fi nancial opportunities, but are equally or perhaps even more important.

When looking at any new development, one must consider the social opportunities as well as the financial factors. More than just an opportunity for private investors, large scale developments also promote growth in communities. They do this in a variety of ways.

A project like the Cornwall Harbour Redevelopment creates jobs. With the loss of industry at various periods in the 20th century, Cornwall had significant challenges in attracting jobs. Luckily, this seems to be changing due to major opportunities in Cornwall. A project like Cornwall Harbour will be similarly beneficial in creating employment opportunities. These jobs can be found in the design, planning, and construction of the building and will easily support several teams of a dozen people each. But they can also be found through the planned integration of commercial spaces, which will produce long-term employment for staff to work within the commercial spaces of the building. Social and public spaces also create job opportunities for councilors, coordinators, and allow for the expansion of local businesses that currently exist in the area or may also attract new employers as well from out of town.

Harbour Redevelopment will support existing businesses and development initiatives in the area. As a central urban attraction and destination, all of the neighbouring businesses should receive a significant influx of customers and clientele as tourists and residents alike explore the area on foot and by car or bus. Outdoor spaces at the Harbour can also allow local businesses to provide services or products like food, rentals, activities, social programs, and large events.

Existing investments in the development of the community will be also boosted as a result of a Harbour Development. The local lofts projects as well as a variety of other initiatives will be able to feature the Harbour as an excellent local attraction which will make their offerings more appealing to customers and gather more investments.

At a municipal level, urban redevelopment is an excellent way to generate long-term revenues for the area. Abandoned or under- utilized Brownfield developments in particular are highly important for development as they do not generate the appropriate municipal revenues and they also reduce the quality and value of the neighbourhood as a whole.

Redevelopment of this and other sites in Cornwall will also contribute strongly to creating a strong urban fabric, reinforcing community pride and identity, and showcasing Cornwall as a great destination for newcomers and residents alike.

Comparable Developments
If we look toward other Seaway locations, such as Prescott, Kingston, Brockville, Sainte-Anne-de-Bellevue, and various other destinations, we can see that all of these communities have grown through solid investment in development along the Seaway. In each of these destinations, key Seaway activities and destinations have created opportunities for growth and prosperity.

Within Cornwall
If we look within Cornwall, we can see that there are numerous developments in progress now which demonstrate that the City is ready to support a development like the Cornwall Harbour Project.

Current / Recent Major Projects in Cornwall:
• Wastewater Treatment Plant Upgrade ($55.5 million)
• Cornwall North Channel Bridge Replacement ($75 million)
• Target Distribution Centre (1.3 million square foot centre)
• Cotton Mills Lofts (150 Units + extensive office space)
• Riverdale Terrace
• Kingʼs Landing
• Dominion Place
• Redevelopment of Eastcourt Mall
• New commercial development at the intersection of Marlborough and Ninth Streets.

Existing investments in the development of the community will be also boosted as a result of a Harbour Development. The local lofts projects as well as a variety of other initiatives will be able to feature the Harbour as an excellent local attraction which will make their offerings more appealing to customers and gather more investments.

At a municipal level, urban redevelopment is an excellent way to generate long-term revenues for the area. Abandoned or under- utilized Brownfield developments in particular are highly important for development as they do not generate the appropriate municipal revenues and they also reduce the quality and value of the neighbourhood as a whole.

Redevelopment of this and other sites in Cornwall will also contribute strongly to creating strong urban fabric, reinforcing community pride and identity, and showcasing Cornwall as a great destination for newcomers and residents alike.

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