Toronto Lands Corporation Continues to show Leadership and Fiscal Responsibility

In 2008, I was among TDSB trustees who voted to establish the Toronto Lands Corporation. This is an arms-length entity that is responsible for the management, leasing, sales and redevelopment of TDSB surplus properties. The TLC also helped the TDSB save many of its swimming pools. I joined the board in spring, 2009. My colleagues include former Toronto Mayor David Crombie, Dino Chiesa, Jane Pepino, Annie Kidder, Hugh Heron, Jane Marshall and Trustees Bruce Davis, Chris Bolton and John Campbell. As of January 2010, the TLC has sold $38.7 million in surplus property and is receiving annual rental revenues of about $11 million. The TLC is a model of fiscal responsibility and is a great example of what public entities can do to reduce the burden of taxpayers.