Comment 88759

By Noted (anonymous) | Posted May 16, 2013 at 09:59:02

Things happen fast in Mississauga. University of Toronto president David Naylor walked into council at 9 a.m. Wednesday. An hour later, he left with a $10-million commitment to help build an innovation complex on the Mississauga campus.

The centre will cost $70 million to $100 million and, surprisingly, ground will be broken next week at the U of T Erindale site.

“This is Mississauga, things move fast,” Naylor said after Mayor Hazel McCallion and council resoundingly endorsed the $10 million funding, which will be spread over 10 years.

A formal vote and decisions on where the city money will come from will occur shortly. But the mood of the morning was speed.

“We are moving forward and we just need rocket fuel to keep going faster and higher,” Naylor said.

“I can assure you that the request for $1 million (a year) over 10 years will be tough for the city,” McCallion told Naylor and Deep Saini, principal of the U of T’s Mississauga campus.

“The $10 million will come back to Mississauga as well as the surrounding area many, many times.”

Councillor Nando Iannicca told them, “You had me at hello.”

Councillors said investment in education, especially the specialized higher learning the new complex will offer, is exactly what Mississauga needs to become a world-class city.

Hospitals and universities are two of the things great cities are known for, said Councillor Pat Mullin.

The Institute for Management and Innovation, to be built by September 2014, will house programs that mix management studies with fields such as bio-pharma, environmental sustainability and a variety of engineering disciplines.


http://www.thestar.com/news/gta/2013/05/15/mississauga_commits_cash_to_u_of_t_innovation_complex.html

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