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Tories accuse Kathleen Wynne of hiding $317-million bailout of Toronto real estate development
The MaRS Research Centre is located at 101 College St.
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Former Tory MPP Frank Klees accuses the Premier of approving the bailout behind closed doors.
Photo: Google StreetView

Ontario's Progressive Conservatives have released government documents showing the Liberals secretly approved a $317-million bailout of a downtown Toronto real estate development.

The Liberals gave $71 million to build a second tower at the MaRS research centre, and provided a $234-million loan for the project, but the documents show the registered charity and the real estate developer behind it can't repay the money.

Former Tory MPP Frank Klees says a whistleblower turned over the cabinet documents, and accuses Premier Kathleen Wynne of approving the bailout behind closed doors to avoid embarrassment during the election campaign.

Klees says the Liberals also failed to put the liability on the books in the May 1 budget, which couldn't get any opposition support, triggering the June 12 election.

He says it's another example of a complete failure by the Liberals to provide any oversight to make sure the hundreds of millions of dollars in taxpayers' money was spent properly.

Klees says the Liberals learned nothing from their lack of oversight that led to mismanagement and scandals at eHealth Ontario and the Ornge air ambulance service, which is now the subject of a police investigation.

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29 0
Former Tory MPP Frank Klees accuses the Premier of approving the bailout behind closed doors.
Photo: Google StreetView

Ontario's Progressive Conservatives have released government documents showing the Liberals secretly approved a $317-million bailout of a downtown Toronto real estate development.

The Liberals gave $71 million to build a second tower at the MaRS research centre, and provided a $234-million loan for the project, but the documents show the registered charity and the real estate developer behind it can't repay the money.

Former Tory MPP Frank Klees says a whistleblower turned over the cabinet documents, and accuses Premier Kathleen Wynne of approving the bailout behind closed doors to avoid embarrassment during the election campaign.

Klees says the Liberals also failed to put the liability on the books in the May 1 budget, which couldn't get any opposition support, triggering the June 12 election.

He says it's another example of a complete failure by the Liberals to provide any oversight to make sure the hundreds of millions of dollars in taxpayers' money was spent properly.

Klees says the Liberals learned nothing from their lack of oversight that led to mismanagement and scandals at eHealth Ontario and the Ornge air ambulance service, which is now the subject of a police investigation.

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