The last update I know of, was in the form of a letter from Kevin Ashe to Mark Carney dated 2025-10-15.

If there was an update after this, I've missed it.

The tl;dr was basically:

• "A 160 day due diligence period was imminent" (ie ~March 2026).
• Pickering committed $10M.
• Pickering was "in the final steps of confirming support from the Province"
• Pickering was "securing a $10 Million from the Federal Government"

Some questions...

Where did the "three-way-split" idea come from? How will ongoing costs be covered? What can the city realistically do with the land? Are there any limitations or sanctions created as a result of the JV with province and federal gov? Who will steward the land, after the acquisition, if it goes through? What happens of cost over-runs or

In terms of what to do with it, I believe we should run a call-for-proposals for leasing some portion of it in long-but-finite leases, and see what creativity the community comes up with. Not for housing or anything structurally permanent, but for using the water-access, ideally in a peaceful and elegant way.