Enlarging the Greenbelt along river valleys makes a lot of sense. This recent report from the Greenbelt Alliance includes a look at Hamilton's river valleys, including "Coldwater Creek" AKA Ancaster Creek, and historically Red Creek, and Coldspring Creek.
Read their report here http://greenbeltalliance.ca/sites/default/files/reports/GreenbeltReport2013_FINAL_0.pdf
Read their report here http://greenbeltalliance.ca/sites/default/files/reports/GreenbeltReport2013_FINAL_0.pdf
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