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Will Ontario government increase Ontario Place redevelopment funding beyond $25M by 2025?
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Resolution / Starting Odds
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Official announcements or budget reports from the Ontario government
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Ontario Government Releases 95-Year Therme Canada Lease for Ontario Place with 2,500 Parking Spots
Oct 4, 2024, 10:05 AM
The Ontario government has released details of a newly revealed 95-year lease agreement with Therme Canada for the redevelopment of Ontario Place, which includes a commitment to fund 2,500 parking spots. This is 700 more than required under the lease. Additionally, the province will provide up to $25 million to prepare the site for redevelopment. The lease also promises 1,600 dedicated parking spots for the Therme spa. Ontario taxpayers will fund the parking spots.
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Federal funding • 25%
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Municipal funding • 25%
Private sector funding • 25%
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