The master plan for East Village envisions a neighbourhood with many uses. The community will be a place for residential homes, commercial development, recreational enjoyment, cultural engagement and entertainment. This means there will be many diverse, and sustainable, economic opportunities in East Village.
Also, no neighbourhood can grow without a solid financial foundation. Funding for East Village has relied on an innovative mechanism called the Community Revitalization Levy (CRL). The CRL provides a means to segregate increased property tax revenues in the Rivers District, which result from redevelopment, into a fund that will be used to pay for the new infrastructure required.. It’s through this funding model that some $108 million in infrastructure improvements have been made to East Village.