Council Approves Lease Agreement for Phase Two of Sheridan’s Mississauga Campus

Mississauga City Council approved the Lease Agreement which will allow the construction of a second campus building on the Sheridan Institute of Technology and Advanced Learning Hazel McCallion Campus in the heart of downtown Mississauga.

“I am very pleased with the success of Sheridan and the addition of a second building to their campus,” said Mayor Hazel McCallion. “The expansion will accommodate more students and continue to bring life to our downtown.”

According to officials, the campus in downtown Mississauga has already exceeded expectations. It has surpassed projected numbers for enrollment, courses and campus use. There are currently 2,700 students enrolled in a range of business diploma and graduate certificate programs, with five new business degrees set to launch in September. The expansion will enable Sheridan to accommodate up to an additional 3,200 full-time students.

“Sheridan has lived up to the expectations of creating an innovative and vibrant campus for youth, and others to pursue higher education opportunities in Mississauga, said Ward 4 Councillor Frank Dale. “The expansion of the campus will further support the City’s Downtown21 plan to create a vibrant downtown, attract and retain youth, create great public spaces and develop talent.”

“The addition of a second building will build on the unique partnership between the City and Sheridan. Sheridan’s success in surpassing set goals for enrollment and courses offered supports our vision for expanding educational opportunities in Mississauga and our Strategic Plan objectives,” said City Manager and CAO Janice Baker. Baker noted that construction on the second building of the Sheridan Hazel McCallion Campus will begin later this year. The new building is expected to be completed in the summer of 2016 and ready for students that September.

Background 

The Phase One Building of the Sheridan HMC campus opened in the fall of 2011 and was developed on 0.45 ha (1.13 ac.) together with approximately 0.52 ha (1.29 ac.) of new parkland that is now known as Scholars’ Green.

The Lease Agreement for Phase Two grants Sheridan a 95-year lease allowing construction of a post-secondary education facility on 0.74 ha (1.83 ac.) of the property, with an option to develop a possible extension to the Phase Two building within five years.

The City and Sheridan also reached an agreement on sharing costs on certain streetscape works and the design and construction of future parkland.  The location of the future park block will be situated immediately west of the Phase 2 campus building representing approximately 0.55 ha (1.37 ac.) of new parkland in downtown Mississauga.

For more information about the City’s partnership with Sheridan visit: http://www.mississauga.ca/portal/discover/sheridancampus

As Canada’s sixth largest city, Mississauga is home to 741,000 residents and more than 54,000 businesses, including more than 60 Fortune 500 companies with Canadian head offices or major divisional head offices. A diverse, progressive and award-winning municipality located on the shores of Lake Ontario in the heart of the Greater Toronto Area, Mississauga is “Leading Today for Tomorrow” by focussing on delivering services, implementing its Strategic Plan, delivering value for money and maintaining infrastructure.