kotsy said:
There is more or less the same amount of parking in the area now than when Ontario Place was open and popular. We don't need more parking in the area, especially with all the transit options, including GO transit that brings people from out of town.
Click to expand...

When it was open and popular the population was smaller as well.
 
I hope Ford is convinced that underground parkades at OP are too expensive and pushes for aboveground parkades on the Ex grounds instead (We know he's been putting out feelers towards this option, but whether all the stars will align or not remains to be seen). The advantage of the latter plan is that aboveground parkades are easier to tear down or repurpose later if/when they prove unnecessary.
 
Had the pleasure to view this TIFF documentary about Ontario Place

tiff.net

Your Tomorrow

Ali Weinstein’s documentary captures the final year of Toronto’s celebrated Ontario Place, as the beloved provincial park is sectioned off for redevelopment while visitors keep showing up to walk its trails, enjoy the lake, or just check on the tomatoes they’re cultivating by the shore.
tiff.net tiff.net

 
artyboy123 said:
Had the pleasure to view this TIFF documentary about Ontario Place

tiff.net

Your Tomorrow

Ali Weinstein’s documentary captures the final year of Toronto’s celebrated Ontario Place, as the beloved provincial park is sectioned off for redevelopment while visitors keep showing up to walk its trails, enjoy the lake, or just check on the tomatoes they’re cultivating by the shore.
tiff.net tiff.net

Click to expand...
How was it? Looking forward to seeing it but I shall wait for its stream release.
 
generalcanada said:
Decision here: https://ontarioplaceprotectors.com/...ontario_place_protectors_v._hmk_judgment_.pdf

read through it, Its not the clearest of wins for the government.

the very least is that apperently that the applicant lacks standing.
Public trust argument is not a thing apperrently

While the judge said the entire act doesnt go against the constitution, she doesnt rule out that any action prohibited by the act couldnt actually be raised

Theoretically saying that someone could resubmit asking for remedies against the environmental act or heritage act
Click to expand...
So they appealed this https://www.canadianarchitect.com/o...-launches-appeal-with-ontarios-highest-court/
Appeal document here: https://drive.google.com/file/d/1mSxECuhi2M2949Apz08KvAMMrYJvp5bM/view

Not a lawyer, but it's going to be a few months before decision to take appeal up is even granted.
 
1727963614987.png
 
CBC with the summary

we already know about is the 700 million in costs from Therme, including 200 million for shoreline work and public space. I remember that number as 600 million awhile ago I think
Rent payments average about 20 million a year over 95 years. (numbers are off here it's much higher)
Apperently Ontario is on the hook for 25 million for flood mitigation and shoreline repair. Im guessing that includes the pods?

Very suprising is the 15 year opt-out if notice is given 10 years in.
Parking lot is mentioned in the lease with 1800 spaces. though the government wants 2500

Overall, I like the transparency here.
 
globalnews.ca

Ford government releases Ontario Place lease, including rent and parking details | Globalnews.ca

Infrastructure Ontario published the lease it signed with Therme on Thursday, with the government touting the benefits it claims the deal will bring for taxpayers.
globalnews.ca globalnews.ca
www.thetrillium.ca

Province estimates Therme will pay it $1.1B in direct revenue over 95-year Ontario Place lease

The province’s infrastructure agency released Therme’s lease of Ontario Place’s west island on Thursday
www.thetrillium.ca www.thetrillium.ca
Few more clarifying notes from the star, global, and trillium

- property taxes utilities and fees are owed to the city
- 1.1 bil in rent payments. So about 14 mil per year over 75 years
- 855 mil in "maintenance payments". This the part where Therme maintains the beaches and trails, I think. It's about 12 million per year
- combined to about 26 million per year
- rent is paid based on 3.5% of the land value, indexed to inflation starting in 2025 which amounts currently to 2 million. Little surprising they're paying rent on the land when the spa isn't even built.
- Rent seems to ramp up after 2034 where its around $40 million a year
- total of 84 million per year between 2034 and 2044. Unclear if thats total or per year
- If Therme beats preformance expectations the government gets millions extra starting in 2034
 
and there we go. All the useless speculation about the province handing out massive amounts of subsidies to Therme can go away. The Government is *making money* on this, even including the parking structure.

What I would be interested to see is details on the parking structure financing. As it's a paid structure which will likely achieve fairly strong occupancy rates, I suspect it won't need much, if any subsidies and any that are required would come from the lease revenue.
 
innsertnamehere said:
and there we go. All the useless speculation about the province handing out massive amounts of subsidies to Therme can go away. The Government is *making money* on this, even including the parking structure.

What I would be interested to see is details on the parking structure financing. As it's a paid structure which will likely achieve fairly strong occupancy rates, I suspect it won't need much, if any subsidies and any that are required would come from the lease revenue.
Click to expand...
You seem awfully confident in this when this government has demonstrated contempt of process in most other things when it comes to deals with the private sector. Not to mention, the summery list posted by generalcanada-san seems to have a lot of what ifs baked in it. But hey, don't let that rain on this parade, I guess...
 
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