Ontario’s three opposition parties have vowed to rip up the Ford government’s Ontario Place deal — a move that would involve paying the private spa giant Therme millions of dollars — if they win the next provincial election.
Last week, the government finally published its lease agreement with Therme, laying out the terms that will allow the company to build and operate a waterpark and spa on Toronto’s waterfront for the next 95 years.
The lease revealed Ontario had committed to providing thousands of parking places in time for the spa to open — or face a daily penalty, while Therme is expected to pay just under $2 billion in rent and maintenance over the course of the lease.
The agreement also showed that the province could cancel its deal with Therme for $30 million before the company took over the land from the government.
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Once Therme is in control of the waterfront land, any …