City of Woodstock StaffReport Community Improvement Plan Agreement 2026-05-07
Major CIP funding for Oxford Hotel redevelopment
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Description
Woodstock staff recommend a Community Improvement Plan agreement with 1252461 Ontario Inc. for the Oxford Hotel at 453 Simcoe, totaling $179,500 in grants and loans plus permit and tax back incentives. The funding will support conversion of the vacant historic hotel into a mixed-use development with extensive exterior restoration and accessibility upgrades.
Contract Details
Contract Amount
$179,500 in grants and loans plus Permit Grant and Tax Back Grant (amounts not specified)
Vendor
1252461 ONTARIO INC
Agency
City of Woodstock, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Renewal Info
Combination of one-time grants and fixed loans under the Community Improvement Plan; no renewal or extension options described.
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