It will soon be easier to commute throughout the GTHA, as a “modern” GO Station is being developed in Mimico.
“The new station we are building at Mimico is part of our plan to improve service on the Lakeshore West line to every 15 minutes or better,” said John Yakabuski, Minister of Transportation.
“By working with businesses to develop this site, we are delivering on our promise that Ontario is open for business, while we get this work done at a lower cost to the taxpayer.”
Metrolinx and the Vandyk Group will negotiate the construction of the new Mimico GO Station.
The station will include a new, accessible station building, pedestrian tunnels and elevators, refurbished platforms and new entrances to the station and below grade parking.
In exchange for the right to develop above Mimico GO Station, the developer will pay all construction costs for the main station building and new parking and Greenway at Mimico GO Station — meaning construction of the new station will come at no cost to taxpayers.
“We are very excited about the opportunity at Mimico GO Station,” said Phil Verster, President and CEO, Metrolinx in a statement released Thursday morning.
“Bringing a new station into a community at little or no cost to the taxpayer is something that has great potential. It also makes good business sense. Metrolinx continues to be open to innovative, joint approaches with the private sector that reduce the cost to taxpayers and also provide efficient, safe and affordable transportation options. ”
Allowing developers to build above transit stations in exchange for constructing new station facilities reduces the cost of transit expansion projects to taxpayers and creates mixed-use communities at local stations.