The University of Toronto Mississauga (UTM) has requested $10 million dollars from the City of Mississauga to help finance the cost of the new Institute for Management and Innovation building currently being constructed on the university campus.
The motion has been debated by MIRANET who has expressed concerns to both city council and UTM Principal, Deep Saini, regarding the proposal. UTM, however, has stressed the economic benefit the new institution will provide to the City of Mississauga.
If passed by city council, the City will provide $1 million dollars per year to the university over a ten-year period. It has been proposed to charge a special property tax levy in order to facilitate the cost. For now, this is just a proposal and has not been approved by Council.
For more information, please visit the RHA and MIRANET websites (www.miranet.ca) for future updates and changes regarding the proposed motion.
*Please note this article was originally published in the Winter 2013 edition of The Rockwood Times.