idk where that image is from, but the funding is supposed to be for the central portion of eglinton that has the LRT underground and largely already has street fronting retail.
This is the general sort of standard they are going for in that section, and this is what they are looking for funding for. The surface portion is going to be rebuilt by Metrolinx as part of the LRT already, so its design standards are being handled by Metrolinx rather than the city and it is already funded.
another image of the plans for Black Creek Drive area: you can see the LRT on the right running along in a semi elevated area about to re-enter the tunnel to the final station, Mt. Dennis.