A cheque presentation at City Hall, Planning Committee culminates last year’s agreement reached which clears the path for Fifty Road commercial (Winona Walmart) and transit developments

An agreement that implements the City’s vision for the development of commercial lands in Winona has been reached and is expected to benefit both the City of Hamilton and local development partnership, Penady. The agreement, approved by City Council, will allow for a commercial complex to be built on the site and will allow for the City to proceed with planning for the proposed transit hub that could accommodate future HSR and GO transit service. The City and Penady have completed discussions, looking at ways to work together on the development of property on the southwest corner at Fifty Road and South Service Road.

The City is expected to receive approximately $7 million in development charges for the property, in addition to annual tax revenues. The City’s contribution for infrastructure improvements to the South Service Road will be approximately $100,000.

At the recommendation of Councillor Johnson, Penady have donated $2,000 to the soon to be Winona Recreation Centre.

On behalf of PenEquity Reality Corporation, Leger Xavier, Vice President, Development and Leasing, presented the cheque to Councillor Brenda Johnson.

Photo of this cheque presentation is in the photo gallery.

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