Region of Waterloo Bidsandtenders #EOI2026-05

Economic Impact Study for the ION Stage 2 Expansion to Cambridge

The Region of Waterloo is seeking a consulting team to assess the economic impacts of extending ION Stage 2 from Fairway Station to Downtown Cambridge. - Government buyer: Region of Waterloo; no sub-agency or procuring office is identified. - Opportunity: One economic impact study of the proposed ION Stage 2 Cambridge expansion, from Fairway Station to Downtown Cambridge. - Study requirements: Assess incremental economic value and impacts on development, housing and affordable housing potential, business activity, investment attraction, municipal fiscal outcomes, assessment and tax-base growth, access to employment, travel mode shift, emissions, household transportation costs, and inclusive growth. - Evaluate the multiplier effect of permanent light-rail investment and examine benefits at multiple study-area scales. - Identify possible adjustments or phasing for budget purposes without compromising the overall analysis. - Deliverables: Technical report, executive summary, key-indicator dashboard, presentation materials, and concise public-facing summary. - OEMs and vendors: No OEMs, vendors, or consulting firms are named in the opportunity information.

Description

The Region of Waterloo is seeking expressions of interest from consulting teams capable of preparing an economic impact study for the ION Stage 2 expansion from Fairway Station to Downtown Cambridge. The study will assess the incremental economic value and wider effects of the expansion, including development, housing, business activity, investment, municipal fiscal outcomes, employment access, emissions, and household transportation costs. It will consider benefits at multiple study-area scales and identify possible adjustments or phasing for budget purposes. Required outputs include a technical report, executive summary, key-indicator dashboard, presentation materials, and a concise public-facing summary.

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