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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.
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The Record broke the news in Waterloo, Canada on Thursday, June 11, 2026.
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