City of Woodstock StaffReport Community Improvement Plan Agreement 2026-05-07
Major CIP funding recommended for Oxford Hotel redevelopment
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Description
Woodstock staff back a comprehensive CIP agreement with 1252461 Ontario Inc. for the Oxford Hotel at 453 Simcoe, providing $74,500 in grants and $130,000 in loans plus tax and permit incentives to transform the vacant historic property into a mixed-use complex. The funding targets housing creation, façade restoration, and accessibility improvements in the downtown core.
Contract Details
Contract Amount
$74,500 in grants and $130,000 in loans (plus Permit and Tax Back grants with amounts included elsewhere)
Vendor
1252461 ONTARIO INC
Agency
City of Woodstock, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
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