5 global examples of revitalizing urban areas with innovation districts
<p>Canada has a successful history of using innovative development strategies to revitalize urban areas, dating back to the 1970 creation of the first Business Improvement Area, in Toronto’s Bloor West Village. Similar efforts in cities around the world have shared the same basic premise: that a modified regulatory approach within a targeted geography can not only jumpstart the area but achieve ambitious public priorities beyond the scope of traditional developments.</p>
<p>We used these successful models to design the proposed governance model for the <a href="https://www.sidewalktoronto.ca/" rel="noopener ugc nofollow" target="_blank">Sidewalk Toronto project</a> — a strategy that would enable innovative development approaches within a particular geography called the Innovative Design and Economic Acceleration (IDEA) District, in turn demanding more from developers to improve affordability, sustainability, mobility, and economic opportunity.</p>
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