What is the Town’s total financial contribution to the project?

Through this initiative, the Town of Bracebridge is making a significant municipal investment to advance affordable housing and downtown revitalization. The Town’s contribution includes:

Conveyance of municipally owned lands for nominal consideration, with an appraised market value of approximately $1,175,000, representing significant foregone revenue;
Direct budget allocations of $5,000 in 2025 and $12,000 in 2026 to support appraisal, legal, and land assembly costs;
Town-led Zoning By-law Amendment and, if required, Official Plan Amendment processes undertaken at no cost to the proponents, representing an additional in-kind contribution valued between $2,250 and $8,750, plus associated legal costs related to the registration of a Deeming By-law or any potential appeals;
Statutory Development Charge exemptions applicable under the Development Charges Act, 1997, based on the proposed ownership structure; and
A significant investment of staff time and administrative resources has occurred to date and will continue following Council approval, including work related to the RFP process, due diligence, negotiations, planning approvals, road closure, land assembly coordination, and implementation of the approved development framework.

Collectively, these contributions represent a meaningful municipal investment in advancing affordable housing supply, supporting downtown revitalization, and leveraging a surplus municipal asset to achieve broader community objectives.