The County of Prince Edward has received five expressions of interest (EOI) from parties that wish to partner with the municipality to implement County Council’s vision for redevelopment of the former Queen Elizabeth School property.
County Council will consider the EOIs at a special Committee of the Whole meeting on Wednesday, August 7.
“We are delighted to receive five really compelling proposals for this unique property,” says Adam Goheen, Director of Housing. “We encourage the public to review the EOIs and share any feedback they may have with their councillors before the meeting on August 7.”
Click here to view the EOIs and the meeting agenda.
The municipality purchased the 1.8-hectare property, located at 35 Barker Street in Picton, from the Hastings and Prince Edward District School Board. HPEDSB declared the school surplus to its needs in 2018.
The municipality intended to use an upper-level government grant to purchase the property and undertake improvements to make the existing school building ready. However, the project did not receive the grant, which has necessitated an external investment to move the vision to reality.
The objectives of this redevelopment project are to:
- Provide as many affordable housing units as possible, with affordability as defined in the County’s Municipal Housing Project Facilities By-Law
- Provide up to 37,000 square feet of rental space for identified community service agencies at reasonable rates and with extended lease agreements
- Allow the municipality to recoup its investment in the property (approximately $1.5 million) within calendar year 2024
- Be positioned to move forward with the redevelopment as quickly as possible
If you have questions or require further information, please contact Mr. Goheen at 613.476.2148 extension 2509 or email agoheen@pecounty.on.ca.