To put Toronto at the forefront of global cities in the 21st century by transforming the waterfront into beautiful, sustainable new communities, parks and public spaces, fostering economic growth in knowledge-based, creative industries and ultimately: re-defining how the city, province and country are perceived by the world.

The revitalization of Toronto's waterfront provides the city, the province and the country with an excellent opportunity to ensure that Toronto remains among the best places in the world to live, work and visit. Revitalization is a significant key to our future prosperity and Canada's much envied standard of living.

Following the release of the Toronto Waterfront Revitalization Task Force's report in March 2000, the Government of Canada, the Province of Ontario, and the City of Toronto jointly announced their support for the creation of Waterfront Toronto (formerly Toronto Waterfront Revitalization Corporation) to oversee and lead waterfront renewal.

The development of successful waterfront projects in other cities such as London, New York, and Barcelona, has shown that a separate corporation with a strong mandate to coordinate and oversee an integrated strategy is crucial to making waterfront revitalization a reality. Waterfront Toronto was formally established in the fall of 2001 and was up and running in February 2002.

Vision Working with the community and public and private sector partners, the Corporation will create waterfront parks, public spaces, cultural institutions and diverse and sustainable commercial and residential communities. We will strive to ensure that Toronto becomes the city where the world desires to live.

Governance Waterfront Toronto is governed by a 12-member Board of Directors, including the chair, appointed by the federal and provincial governments and the City of Toronto. Corporate authorities and accountabilities are set out in Bill 151.

Overall Corporate Objectives

Develop accessible new waterfront communities that offer a high quality of life for residents and visitors alike

Attract innovative, knowledge-based industries to the Portlands

Engage the community as an active partner in revitalization

Develop strategic partnerships to attract private sector investment