Ask us anything about 200 Beverley Street
What is going to go on the site?
Memorandum of Understanding (MOU) signed between the City, Habitat for Humanity Wellington, Dufferin, Guelph and ARQi R&D Inc. which will serve as the framework for jointly developing more detailed development concepts, budgets, schedules and development pro-formas.
When is the project going to be completed?
Construction is likely to begin sometime after 2018.
The MOU will serve as the framework for jointly developing more detailed development concepts, budgets, schedules and development pro-formas, which will further advance discussions around such matters as the financial and development commitments.
Why does the City own this property?
The City took ownership of 200 Beverley Street in 1997 when the owner was unable to pay the property taxes owed on the property.
How much has the City spent on the property? Why?
Since taking ownership in 1997, the City has spent a total of $2.94 million on:
- property management and security
- environmental studies, preliminary cleanup and ongoing monitoring
- investigating potential uses for the property
- real estate consulting
Currently, the City spends $40,000 to $50,000 a year monitoring and managing the brownfield according to the MOECC Director’s Order.
Why is the City spending another $44,000 trying to sell 200 Beverley Street?
The City expects the $44,000 investment in market research and expert advice will attract a high-quality proponent—an investor or developer that understands the benefits of renewing brownfields like this one.
By working with investors and developers, the City can share the work involved in restoring the site, revitalize the neighbourhood and recover some or all of the costs of monitoring and maintaining the site.
Why not leave the property “as is”?
The property may appear dormant, but the City is actively monitoring and managing the site which costs between $40,000 and $50,000 a year.
Also, to comply with the MOECC Director’s Order, the City must address the substances on the property.
Why invest to sell this site? Why not other brownfields?
Guelph encourages brownfield redevelopment throughout the city to create healthy, attractive and thriving neighbourhoods.
Redeveloping 200 Beverley Street is a priority for the City because the site is subject to the MOECC Director’s Order, and substances on the property need to be addressed.
Is 200 Beverley Street contaminated?
Several environmental studies and cleanup activities have already taken place, and further study may be required to prepare the site for redevelopment.
In some parts of the site, the soil or groundwater may contain chemicals typically found in gasoline or paint—petroleum hydrocarbons (PHCs), volatile organic compounds (VOCs) and metal(s).
All City wells are at least two kilometres away. Guelph’s drinking water is safe, and regular testing shows it meets or does better than Ontario drinking water standards.
How much will it cost to prepare the site for development?
The estimated cost is between $3 million and $4.5 million.
Who has to pay to prepare the site for development?
As the City negotiates the sale and redevelopment of the property, the parties will determine who will be responsible for remediation.
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