Mayor: Vaughan’s downtown core attracts up to $9B in investment

The VMC is the ‘largest and most ambitious project in city's history’

Yorkregion.com
Dec. 13, 2019
Dina-Al-Shibeeb

Vaughan’s downtown area attracted more than $9 billion in economic investment from 2015 to 2020, said Mayor Maurizio Bevilacqua.

In the final Vaughan Metropolitan Centre (VMC) sub-committee meeting of 2019, Bevilacqua said the investment is “rooted in momentous construction projects that contribute to a growing skyline with new business and residential developments.”

“In fact, Vaughan Council has approved more than 10,817 new residential units,” he added.

“We recently marked the grand opening of the PwC-YMCA Tower -- a 240,000-square-foot SmartCentres mixed-use project, which will feature office space for this global professional services firm -- in addition to a YMCA and a new Vaughan Public Libraries branch.”

The mayor even described how the VMC is the “largest and most ambitious project in Vaughan's history.”

“Its strategic amenities were at the focus of our promotional efforts with political and business leaders during the city of Vaughan’s 2019 trade mission to Israel.”

The VMC is expected to be one of Canada’s largest Master-Planned communities where its large mixed-use development will occupy 400 acres of land over the next several years.