Screening Matrix for Property Use and Redevelopment Potential

Redevelopment Framework for Former Service Stations in the Province of Ontario

SCREENING MATRIX:
Property Use & Redevelopment Potential of Typical Service Stations (Ontario)

Tool:

Designed to assist municipalities, property owners, and developers make a preliminary assessment on the redevelopment potential
Focuses on how the net site value and municipal site considerations play a role in "creating value"
Phase II Environmental Site Assessment is recommended to assist in the decision
Click here for a printable PDF version of the Screening Matrix.

Municipal Site Considerations	Net Site Value ( = final property value - cost of remediation and/or risk management)
Municipal Site Considerations	Site has Negative Net Value	Site has Marginal Net Value	Site has Positive Net Value
Site is located within a Municipal Community Improvement Plan or revitalization strategy area	Redevelopment Potential = Fair	Redevelopment Potential = Good	Redevelopment Potential = Very Good
	Steps: 1. Engage owner and developer early. 2. Follow framework when project economics support moving forward. 3. Improve project economics. Consider entire zone economics, developer incentives, site-specific remediation, etc.	Steps: 1. Engage owner and developer early. 2. Follow Framework to redevelop. 3. Improve project economics through shortened development time, developer incentives, Community Improvement Plan, flexible land uses/exit strategies, etc.	Steps: 1. Engage owner and developer early. 2. Follow Framework to redevelop.
Site is located in an area with redevelopment focus but no firm plans (e.g. Community Improvement Plan) in place for the area	Redevelopment Potential = Poor	Redevelopment Potential = Fair	Redevelopment Potential = Good
	Steps: 1. Engage owner, consultant, regulator and developer early. 2. Jointly identify redevelopment options and timeframe. Consider less sensitive interim use and options to improve project economics. 3. Follow framework when feasible end use plan is developed.	Steps: 1. Engage owner, consultant, regulator and developer early. 2. Jointly identify economically feasible redevelopment options. 3. Improve project economics through shortened development time, developer incentives, Community Improvement Plan, flexible land uses/exit strategies, etc. 4. Follow framework when feasible end use plan developed.	Steps: 1. Engage owner, consultant, regulator and developer early. 2. Jointly identify economically feasible redevelopment options. 3. Follow framework when feasible end use plan developed
Site is located in an area with no plans or redevelopment focus	Redevelopment Potential = Very Poor	Redevelopment Potential = Poor	Redevelopment Potential = Fair
	Steps: 1. Framework is NOT applicable.¹ 2. If desired, develop aesthetics or surface use agreement with owner, including interim site management obligations.	Steps: 1. Framework is NOT applicable.¹ 2. If desired, develop aesthetics or surface use agreement with owner, including interim site management obligations.	Steps: 1. Engage owner, consultant, regulator and developer early. 2. Jointly identify economically feasible redevelopment options. 3. Follow framework if a feasible end use plan is identified OR if desired, develop aesthetics or surface use agreement with owner, including interim site management obligations.

Right Arrow: IMPROVING REDEVELOPMENT POTENTIAL
Site may shift to right side of matrix if either property value increases or cost of remediation decreases. Risk Assessment may reduce cost through remediation to Property Specific Standards and/or use of Risk Management.

¹ Framework is not applicable, please refer to the Brownfields Toolbox, available at www.aboutRemediation.com.