The City offers financial incentives in the form of redevelopment grants based on costs of development such as a percentage of development charges, building permit fees, planning application fees, and costs of remediation studies or works related to brownfield redevelopment.
Community Improvement Plans
Through Community Improvement Plans (CIPs), Barrie offers financial incentives to encourage private sector investment in areas throughout the municipality. The City is currently looking at implementing a Built Boundary CIP covering the built up area which will replace the Downtown and Allandale CIPs, while keeping the Georgian College CIP.
Proposed incentives include renovation grants for facade improvements, adaptive re-use or upgrades to buildings, and restoration of buildings in the Urban Growth Centre, an area which corresponds with the Downtown and Allandale CIP areas.
In addition, the proposed renovation grants will extend to buildings listed on the Municipal Heritage Register within the built up area. These grants are proposed for a maximum of $25,000 or 50%, whichever is less, of the cost of the improvements. Evaluation criteria are proposed to target strategic objectives such as attracting high potential scalable companies in the Urban Growth Centre.
Furthermore, there are a number of grants proposed for development or redevelopment in the built up area which are intended to encourage the provision of Affordable Housing, Brownfield redevelopment and development in the Intensification areas. Redevelopment grant payments are in the form of a direct grant for affordable housing projects or payment through a tax increment based grant for intensification area or brownfield development.
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