Ontario launching search for Ontario Place developer
The province's vision for the site is a destination that could include sport and entertainment landmarks, public spaces and parks, recreational facilities, as well as retail.
The Ontario government is launching a world-wide search to find a private sector partner, or partners, to transform Ontario Place in Toronto into a ‘world-class’ destination.
“We are inviting partners from around the world to submit their designs and ideas for a reimagined Ontario Place,” said Michael Tibollo, Minister of Tourism, Culture and Sport, in a media release.
Through a Call for Development, the province is encouraging interested parties to take a fresh look at the waterfront asset. The province is seeking ideas that are financially viable from partner(s) who have the right experience and capacity to design, implement and operate their development on the site. Residential developments or casinos will not be considered.
“Infrastructure is more than bricks and mortar. It’s about the people who use it,” said Infrastructure Minister Monte McNaughton. “Today’s announcement puts us on a new, visionary path for Ontario Place that will benefit the people of our province and beyond. We are looking for big, bold ideas.”
Submissions should be commercially feasible and reflect the province’s vision for the site as a destination that could include sport and entertainment landmarks, public spaces and parks, recreational facilities, as well as retail.
Interested parties are invited to visit OntarioPlaceDevelopment.com for more information. Submissions are due September 3, 2019.
Infrastructure Ontario has engaged KPMG and Colliers to market and promote the opportunity.