The Town of Collingwood has unveiled the results of a survey to name the project to redevelop Millennium Park and the former grain elevators on the spit.
According to the town, the winning project name "Terminals Point" came out on top after 1,500 survey responses.
Before today, the town referred to the project as "The Collingwood Grain Terminals Revitalization Project."
According to a news release from the town, the new name is meant to highlight the fact that the project includes a "reimagination and invigoration" of the Spit as a whole, including not just the former Collingwood Terminals building but also for public spaces.
Plans for the major Collingwood landmark were first revealed to the public in March in a presentation by Les Mallins, president of Streetcar Developments Inc. Streetcar and Dream Unlimited are collaborating on the project with the town, which will see the Terminals converted into a hotel, residential condominiums, restaurants, event spaces and includes major changes to Millennium Park and the spit. The project is expected to come with a price tag of more than $200 million.
In June, the town signed a memorandum of understanding with Streetcar and Dream. The preliminary agreement, which is non-binding, has been kept mostly confidential so far. However, some details shared with the public include the town’s intention to sell 0.2 acres of land (approximately) to the developers for the condominium tower, and enter a long-term lease for the rest of the land under the Terminals building (about 0.8 acres). The town would keep ownership of the rest of the 20-acre property on the spit.
Additional details from the staff report in June noted the town's financial commitment to the project is about $15 million, but the budget could change.
The other options considered in the survey were The Portlands, The Harbourlands, and The Spit.
To learn more about the project, subscribe to receive updates and future engagement opportunities, visit: engage.collingwood.ca/collingwood-grain-terminals.
