11-02-2018, 05:27 PM
Per the P&W agenda (https://calendar.regionofwaterloo.ca/Cou...ommittee/P&W%20Agenda%20-%20November%206,%202018.pdf page 115), the RFP is being terminated.
Quote:Based on the Region’s RFP requirements, the parties discussed the proponent’s preliminary development vision in respect of timing, configuration, design and size of the development including the required on-site transit components, and business model for the overall development. As a result of these discussions, the Project Team is of the view that the proponent’s vision for the project does not align with the Region’s expectations as expressed in the RFP, including in respect of the integration of mixed uses in the overall design and the prevailing market conditions. In these circumstances, the KVTH Steering Committee has concluded that continuing the current procurement process will not result in a successful outcome. The KVTH Steering Committee is recommending that the current RFP process be terminated and that a range of alternative approaches be further evaluated to determine the best way to achieve the original project vision without jeopardizing the committed Provincial funding.