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ARTICLE · 04 SEPTEMBER 2017

Introduction To Ontario's Surplus Property Transition Initiative

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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Borden Ladner Gervais LLP

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On June 29, 2017, the Ontario government announced the Surplus Property Transition Initiative, a program that facilitates the ability of government agencies, not-for-profits, charities...

CanadaReal Estate and Construction
  • On June 29, 2017, the Ontario government announced the Surplus Property Transition Initiative, a program that facilitates the ability of government agencies, not-for-profits, charities, and other similar organizations and groups to purchase public surplus properties, such as schools, hospitals or other public buildings.

Background

In BLG's April 22, 2016 bulletin, Introduction to Ontario's Community Hubs Strategic Framework and Action Plan, we explored the Ontario government's expressed dedication to fostering community hubs as a key element of the cost efficient and effective delivery of services to Ontario's diverse communities. This Framework and Action Plan includes strategies for encouraging public lands to remain as a community benefit, even if such lands are no longer required for their current use. Currently, Infrastructure Ontario permits the sale of surplus government properties to not-for-profit organizations at "market value" prior to such

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