City Commits to University Investment Strategy

 
There have been recent and exciting developments in the efforts to bring a new university facility to Brampton.
 
Brampton City Council made an historic commitment to an investment strategy for a once-in-a-generation opportunity for a university and a centre for education, innovation and collaboration in Downtown Brampton.
 
Council endorsed, in principle, investing up to $50M over 10 years into a post-secondary facility, and up to $100M into joint-use community space to support a university, business innovation and collaboration, community interaction and cultural growth.
 
Staff will also begin working with the City’s partners on a Memorandum of Understanding, outlining details of the partnership and establishing a process for measuring the impact of the municipal investment.
 
Also expected soon are the results of a report on the economic and social benefits of a new university facility and a centre for education, innovation and collaboration.
 
The City is excited to continue its discussions with Ryerson University, Sheridan College, the Province and all stakeholders to develop a unique centre that combines education with innovation and collaboration – something beyond a traditional university campus

The next steps

  • Develop a Memorandum of Understanding between all partners
  • Continue to work with partners to develop plans for a new university and centre of education, innovation and collaboration
  • Finalize the updated economic impact study
    Ryerson University and Sheridan College submit their final proposal to the Province
  • A formal announcement by the Province on plans for a new university in Brampton

(urbanMetrics Inc., from a 2015 economic impact study)


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