City of Toronto Tower Renewal Program CAIC Presentation September 7, - PowerPoint PPT Presentation

City of Toronto Tower Renewal Program CAIC Presentation – September 7, 2016 Photo by Jesse Colin Jackson 1

Tower Renewal A program to drive broad environmental, social, economic, and cultural change by improving Toronto’s concrete apartment towers and the neighbourhoods that surround them. 2

Challenges Inefficient buildings State of good repair Underused space Lack of services Photo by Jesse Colin Jackson 3

Opportunities Solid structures Affordable option Invested people Significant change possible Photo by Jesse Colin Jackson 4

Towers Across Toronto 48% 5

Revitalization? 6

Improving Performance Efficiency, Conservation , Renewables and Diversion 7

Site Focused Support STEP Site assessment Benchmarking Action planning

Hi-RIS Financing Low Interest Loans for Energy Retrofits • Pay for improvements over time using savings to offset costs • Low, fixed interest rates and longer payment terms • Payments via the property tax bill • Access to utility incentives • Pilot ends December 2016 Save Money. Save Energy. Renew.

Hi-RIS Financing Window and Balcony Door Replacement Results:  over 90% of financing costs offset by savings  Energy consumption savings: 25%+  Improved overall building value  Improved building condition & aesthetics  Improved resident comfort & tenant retention

Improving Quality of Place Beautification, Gathering Areas, Social Supports, Complaint Response 11

San Romanoway Revitalization

San Romanoway Outdoor Revitalization Master Plan

RAC Zoning Commercial and Community Uses on Ground Floor and Outside

Revitalization? • … Holistic • … Cost saving • … Value enhancing 15

www.toronto.ca/tower_renewal Aderonke Akande Project Manager aakande@toronto.ca Follow us on Twitter @TOTower_Renewal Like us on Facebook 16