SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
April 11, 2024 09:00AM
  • Apr/11/24 11:20:00 a.m.

Mr. Speaker, if this is such a good deal for Ontario taxpayers, then release the lease.

These are the tax subsidies for Therme that we know about: parking garage, $450 million; infrastructure, $200 million; science centre moving, $400 million; an apparently free 95-year lease on public parkland; and the maintenance of a portion of Therme’s roof.

That report from Ontario Place for All yesterday suggested that they may not be able to attract enough customers to actually pay for their business model to turn a profit.

So, the question is, if they go bankrupt, as they almost did in 2019, what does the secret lease say? Are Ontario taxpayers going to be stuck with a billion-dollar boondoggle on the waterfront, or will we be stuck subsidizing Therme’s failed business model for the next 95 years?

139 words
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