All that is left in Mimico of this development after empty promises are holes in the ground.
Many Mimico residents vow they have had enough of living with a giant gaping hole and unrepaired train station in the middle of their community for 10 more years.
A meeting on the stalled development is set for September 12 from 6:30 p.m. to 8 p.m. at the Mimico Centennial Library, at 47 Station Road, and also offered online by visiting the Mimico Residents Association (MRA) website.
The event is being put on by the MRA, in partnership with the South Etobicoke Community Land Trust (SECLT) and Community Benefits Association of South Etobicoke.
The empty and deserted former Mimico GO Station parking lot where a building was planned.
The town hall will discuss the twice-suspended “Grand Central Mimico” development and options for helping move the project forward in a community-oriented direction.
The MRA in a social media posting said the Grand Central Mimico development has entered receivership for the second time leaving a gaping hole in the middle of the community.
The group said ‘conversations with the receivership company and others indicate that current market conditions make it extremely unlikely that a third developer will pick up the project in the near future.’
Building that is a front of planned Mimico Grand Central station.
“Despite an ongoing housing crisis – it is not considered sufficiently profitable to build housing directly atop a major transit line,” the MRA said. “We don’t understand it either.”
They said the town hall will explore ideas for resolving the issue without waiting for yet another developer or the government to get involved.