This article written in french by Stéphane St-Amour was automatically translated using AI
This morning, Friday, February 14, at 5:30 a.m., the first users will be able to access the pedestrian tunnel linking the multifunctional Espace Montmorency complex to the Montmorency metro station in downtown Laval.
Construction of the pedestrian tunnel, which began in the fall of 2023 and was initially estimated at approximately $5 million, was entirely funded by a consortium consisting of the Fonds immobilier de solidarité FTQ, Groupe Montoni, and Montez Corporation.
A formal ceremony will take place next Monday, February 17, in the afternoon to mark the occasion.
Dual Agreement
At the municipal meeting on February 4, two agreements were ratified regarding the opening of this underground passage.
First, elected officials approved an agreement between Espace Montmorency, the Société de transport de Montréal (STM), Ville de Laval, and the Autorité régionale de transport métropolitain (ARTM) for the operation of the pedestrian tunnel, allowing public access to the Montmorency metro station.
Next, a service agreement was approved, under which the City of Laval delegates responsibility for asset maintenance, cleaning, security, and energy costs to the real estate developer.
Under the four-party agreement governing the tunnel’s operation, the City is responsible for maintaining it in good condition, with all associated costs covered by the developer.
However, the service agreement, signed without financial compensation, includes an irrevocable letter of credit worth $250,000 issued in favor of the City of Laval. This serves as a guarantee in case the Espace Montmorency consortium fails to meet its obligations.
In return, the City will cover the cost of major repairs to the pedestrian tunnel and its equipment.
A Major Development
Inaugurated in June 2024, Espace Montmorency includes more than 700 rental housing units, a 16-story office tower, a 188-room hotel, and a commercial space dedicated to retail and dining.
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