City council has given the green light to a $30-million plan to construct a hub for Ottawa’s entrepreneurs at the Bayview Yards site west of downtown.
© Google Street View image
An old city workshop at the Bayview Yards.
The approval, given at a Wednesday meeting of city council, is the latest hurdle the city has cleared in getting the proposal off the ground.
The city first unveiled plans for the project at 7 Bayview Rd. last January. The site would be the new home to Invest Ottawa while also housing a business incubation centre and support agencies for entrepreneurs.
Wednesday’s vote also approved the appointments to the board of directors for the non-profit corporation that will oversee the project.
Included among the initial board members are Nordion CEO Steve West and Windmill Development Group founding partner Jeff Westeinde. The city’s mayor and director of economic development and innovation will also be included on the board.
Funding for the project, which the city hopes to open by 2016, will consist of equal contributions of $15 million from the city and province.
Staff will now start working on a lease agreement for the proposed site.