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The town is home to the Port Perry Yacht Club, a non-profit yacht club that was founded in 1883. The club hosts many events throughout the year including regattas and social gatherings. Port Perry has been designated as an Urban Growth Centre by Metrolinx for future development of transit oriented development around its GO Train station on Lake Scugog. A new commercial/retail area is being developed along with residential subdivisions near this location at present.