My question is to the Premier. Therme has made promises all over the world, pledging to spend billions on new luxury spas. Therme promised to invest $350 million in Ontario. However, it is Ontario taxpayers who will be paying over $650 million for a new parking garage, new water infrastructure and other site preparation work for public land that Therme will control for 95 years.

Therme was on the brink of bankruptcy only three years ago. We don’t know if Therme actually has the money—95 years is a long time for a company that barely made it through the decade.

Can the Premier prove to the public that any due diligence was done to confirm the source of Therme’s financing?

To the Premier: The Premier refuses to disclose the terms of the government’s 95-year lease with Therme, but we know the agreement forces Ontario taxpayers to pay at least $650 million for a new parking garage and site preparation. This is a 95-year deal with an Austrian company that was facing bankruptcy just three years ago.

Normally, Infrastructure Ontario discloses who is putting up the financing for its projects, but not in this case.

So my question to the Premier is, what is the source of Therme’s financing for its Ontario Place development?