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Taxpayers Will Spend $200 Million on New Ontario Place Parking Garage
The five-storey structure will add 3,500 spaces and 680 EV chargers, and the province says it could generate $60 million a year.
On Thursday, Tourism Minister Stan Cho announced that the province awarded a $198-million contract to Pomerleau Inc. to design and build a five-storey parking garage at Ontario Place.
The province is bound by strict contractual obligations to Therme, the European company building a nearby spa, restricting the parking location to within 650 metres of the site.
With 3,500 parking spots and 680 electric vehicle charging stations, the structure will include up to 100 bicycle spaces and generate up to $60 million in annual revenue once Ontario Place reaches full operation.
Cho claimed the cost is 15 per cent less than the $1.3 billion figure cited in Auditor General Shelley Spence's 2024 report, defending the project as reasonable.
This garage remains a lightning rod in the Ontario Place redevelopment controversy, which Spence reported could cost taxpayers $2.2 billion including a relocated Ontario Science Centre.