The Toronto Lands Corporation was created in September 2007 and incorporated in April 2008 as a wholly-owned subsidiary of the Toronto District School Board. The TLC’s mission is to maximize the Toronto District School Board’s real estate revenues in order to reinvest in TDSB schools and students. The TLC does this by working to maximize the income we gather on properties that the TDSB directs to us, both for lease management and for sale. The real estate portfolio is managed within the context of community building in partnership with the TDSB. We recognize that these properties are vitally important to the communities in which they are located. The TLC has the experience and expertise to strive for and achieve a balance between maximizing revenues and meeting community-building objectives. On an annual basis the TLC develops a workplan identifying how its goals and objectives for the year will be met. These goals and objectives coincide with the direction provided by its sole shareholder, the Toronto District School Board.