Barrie City councilors voted unanimously tonight to approve matching municipal funding of $14 million toward the establishment of a downtown university campus.
“We are heartened by the support and the commitment shown by Barrie City Council tonight,” said Laurentian University President and Vice-Chancellor, Dominic Giroux. “This is a great step forward towards being prepared to participate together in a bid to the province to establish a leading-edge undergraduate university campus in downtown Barrie in the near future.”
This decision follows a presentation to City Council by Laurentian University on September 26th, outlining Laurentian’s vision for a $60 million, 160,000 sf downtown academic facility serving 3,000 students, along with ancillary services such as a student centre and a privately-built and operated student residence on campus. Laurentian University also pledged $14 million towards the project.
The Laurentian presentation highlighted two primary reasons to pursue this project: responding to community needs and economic impacts.
Laurentian’s Vice-Provost for Barrie, Dr. Bernadette Schell, shared that “Barrie is one of the fastest growing municipalities in Ontario and one of the few among the 25 urban growth centres in the Greater Golden Horseshoe without a university campus. As a city, we have a low participation rate in university studies in all age categories when compared to the Ontario average despite our community being one of the youngest communities in Ontario. This is a great opportunity to address this lack of opportunities for our young people.”
From an economic perspective, the initial construction of the academic facility is expected to create total economic activity (gross output) of approximately $102 million, of which the majority ($84 million) is expected to occur within the community of Barrie itself. The ongoing operation of the campus is expected to generate $56 million in total economic activity every year, with the majority ($45 million) once again occurring within the community.
“This type of decision fits perfectly with our strategic directions and growth plans as a city,” added Mayor Jeff Lehman. “The $14 million pledge was our opportunity as a city to show a strong commitment to continue building the momentum for a university downtown campus, and to ensure the community will be ready to submit a strong bid in the coming provincial process to make this vision a reality."