City of Montreal gets share of Molson land for park, school, social housing
After Molson moves its operations to Longueuil, the land it currently occupies will look dramatically different in the coming years.
Molson, the city of Montreal and housing developers have signed an agreement in principle that will allow the city to build, among other things, a park and a walkway a half a kilometre long.
The deal was announced at this morning's executive committee meeting.
Groupe Sélection and Groupe Montoni plan to build as many as 4000 housing units and some commercial locales on most of the land.
The deal will see the city pay $6.7M for a part of the land for its own plans: a park, a promenade by the river, a school, a community center and social housing - as many as 200 homes.
In exchange, the city gives up its right to match any offers on sales of the property.
Montreal mayor Valerie Plante called it "an historic deal," saying this is their chance to create a community and civic hub, an opportunity that she says was lost with the condo project at the site of the old Montreal Children's Hospital near Atwater.
Plante also cites Griffintown as another example of where planning problems prevented them from putting in green space and certain infrastructure.
Plante said this deal means that won't happen with the Molson property - so no piecemeal planning.
The city will only get their hands on the land in 2027 after the brewery ceases operations and is demolished.
Construction on the property is expected to be completed in 2035.
City council will vote on the deal later this month.
CITY OF MONTREAL
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