General Principles to Guide the April 21, 1983 To request an official copy of this policy, contact: The Office of the Governing Council Phone: 416-978-6576
1. building design and property use on each campus should be such that interference with campus activities is minimized, that the physical integrity of the campus is maintained and that the sense of university precinct is retained; 2. University ownership of land should be retained within the main University precinct bounded by College Street, Spadina Avenue, Bloor Street and Queens Park Crescent, and such land should not be pledged as security in any development ventures; 3. buildings or those parts of them which have special architectural or historic value should be protected; 4. the impact of property development on adjacent communities should be considered; 5. the expected benefits of commercial development for any given property should be judged against the benefits to be achieved by the best possible University use of the property, including possible cost-recovery ancillary uses; 6. development arrangements should be structured in a manner such that the Universitys status as a tax-exempt and charitable institution is preserved; 7. the general objective in pursuing commercial development is to maximize financial gain adjusted for risk. March 7, 1983 |