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Fingers crossed on the waterfront

The Globe and Mail

After months of taxiing along and occasionally dropping admirable thoughts beside the runway, Toronto Waterfront Revitalization Corp. (TWRC) finally announced a time for wheels-up last week. Final plans for the first phase of the $17-billion overhaul of Toronto's dilapidated urban shoreline will go before city politicians for approval in October, with shovels ready to hit the ground near the Distillery District live/work/cultural development in 2005. Five years after that, some 2,000 new dwellings will be for sale and rent. Tall towers will rise in strong steps from low, blocky street-side podiums set along a line parallel to the Gardiner Expressway and the railway tracks.