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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.

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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  1. tanjo posted on 05/29/2014 10:54 AM
    So why isn't Frank Klees premier?

    This is exactly the problem with the PCs. Klees brings up a legitimate issue and pinpoints the exact problem with the Liberals. They were so busy congratulating themselves on being master of the universe, that they failed to oversee pretty much everything they were responsible for.

    So why is Hudak thumping his Million-Jobs Plan, which is actually a "cut labour costs" plan wearing bad makeup? Because THAT is his agenda. I have seen nothing from Hudak that indicates he would be able to manage things better than the Liberals.

    If Klees or any of probably a half-dozen PCs were leader instead of Hudak, then I would be voting PC. Instead I am voting for a Liberal minority to trigger a leadership review and get a PC leader in place that actually knows what the province needs.

    Now specific to the story, there could be a legitimate reason for approving the bailout and if there is I would like to hear it.
    1. Zeeman1 posted on 05/29/2014 11:31 AM
      @tanjo What possible legitimate reason could their be for using tax dollars to save a failed private real estate development?

      However, I do agree that Klees should be head of the Ontario PC party as I've always found him to be effective, professional and ethical.

      Your very question betrays your values.
    2. Dean posted on 05/29/2014 01:49 PM
      @tanjo Hudak has never stolen and wasted over 1,000,000,000 dollars from taxpayers, and understands that we need to live within our means. So already you have 1 billion (plus one) indisputable reasons to vote PC instead of Liberal.
  2. Mike posted on 05/29/2014 10:58 AM
    conservatives are sounding desperate! last 2 wks of the campaign throw it all out there and see if anything sticks. unfortunately for the leader it won't work. Ontario ain't buying what he's selling and neither are the top economists buying it
    1. Dean posted on 05/29/2014 01:46 PM
      @Mike That seems to imply that you ARE buying one of the platforms from the other parties. I'm curious, is it the Liberal "More debt, more taxes, more handouts, fewer jobs" platform, or the NDP "More debt, more taxes, more handouts, fewer jobs" platform?
  3. john posted on 05/29/2014 11:04 AM
    what else is new ? i cant wait to see what kinda bullshit liberal spin doctors will pull out on this one .
  4. JC posted on 05/29/2014 11:45 AM
    rather convenient these allegations come out when the past week everyone has been debunking Hudak's million jobs plan as voodoo economics and there is only 2 wks before the election
  5. Alex posted on 05/29/2014 01:45 PM
    The important thing to consider is that because people with money can afford nice apartments, we need to confiscate the nice apartments before they can buy them and distribute them evenly to the poor, in order to reward them for being poor. People with money must then be punished with trying to find sub-standard housing elsewhere, far from convenient areas of the city. This is to punish them for perpetuating the culture of "employment" and "productivity" that has turned Canada from a peaceful nation of aboriginals (who never made war on each other, by the way) into a disgusting leader of an "advanced" world.

    That's why I'm voting for Kathleen Wynne.
  6. john posted on 05/29/2014 02:17 PM
    Alex i dont care who u vote for u are no defer form other brain dead liberal supporters that dont see the big ass axe heading to your heads when i am ready to duck . u party just got caught with there paints down and people still wanna vote for these morons . either thay brain dead liberals supporters or public union workers . u know the overpaid under worked whining union kind . not holding them to account is a stupid thing . people need to understand how this works . WE ARE THERE BOSS NOT THEM . people need to wake up and understand . this . if not then we can blame them when the province gos to chapter 11 . in the old days thay pull this shit thay would be hanging form a poll . man i miss the old days .
    1. Alex posted on 05/29/2014 02:43 PM
      @john You're missing what's really important: Poor people are more ethically important than people with money. People with money work at jobs and earn money and put it back into the economy by spending; rewarding them in any way for doing that is a waste of resources that we could be using to, instead, reward people who don't do any of those things. Those are the people who deserve our help and love and support, specifically because they haven't earned it.

      The nobility of utterly unearned rewards is the core of Liberal values.
    2. john posted on 05/29/2014 03:15 PM
      @Alex liberals don't give 2 shits about this province there only mission is to put provinces into bankruptcy .
    3. Alex posted on 05/29/2014 03:27 PM
      @john Of course we are! Bankruptcy is a good thing, don't you see? Imagine how much free time you'll have to enjoy life when nobody has or is expected to have a job.
    4. Angry Bill posted on 05/29/2014 03:53 PM
      @Alex Donny, I have to say that in this, you are brilliant.
    5. Alex posted on 05/29/2014 03:59 PM
      @Angry Bill Donny the Putz, you mean? No, I'm Alex. I scream about Wal Mart and start multiple new comment threads when I don't get enough attention. I think that businesses and money are the worst things in the world, except when they benefit poor people and nobody else. I am a staunch Liberal supporter, except when I get confused and support the NDP. I am Alex.
    6. donny p. posted on 05/29/2014 04:07 PM
      @Alex I am donny p.. Want to know what I think?
    7. Alex posted on 05/29/2014 04:17 PM
      @donny p. Not if you're going to waste my time with "facts" and "numbers". I make my decisions based on feelings, like God intended.
  7. ToddK_2 posted on 05/29/2014 03:11 PM
    The Status Quo in this Province just sticks to everything and is a huge force to its voters. It's more than being a Union Province, it's quite interesting. In my opinion, Hudak deserves a shot. The Liberals deserve a huge spanking from the voters.
    1. john posted on 05/29/2014 03:24 PM
      @ToddK_2 thay dont deserve a spanking thay deserve a asskicking along with a investigation property taken form the liberal scum bags . thrown in jail up to the ass in fines till we get our money back PLUS interest . open up KP and put them in there .
  8. KenUBelievit posted on 05/29/2014 03:30 PM
    With the Liberals wasting billions and the Conservatives promising a million minimum wage jobs is it surprising that voter turn out will probably be less than 50%?
    1. Jack posted on 05/29/2014 03:47 PM
      @KenUBelievit There is nothing in the PC plan about minimum wage, which you would know if you had read it. And when the alternative is the Liberal/NDP platform (which are basically identical) of "Make things worse, kill more jobs, create more debt", it's a very simple matter: Vote PC.

      Every Red or Orange ballot is a nail in Ontario's economic coffin.
  9. Alex posted on 05/29/2014 04:02 PM
    When the Liberals waste and hide and steal billions upon billions of dollars, it doesn't matter at all! They're doing this to keep money out of the hands of greedy corporations like Wal Mart and prevent them from shackling any more human beings with employment and paycheques. Not like Tiny Tim and his plan to boost the standard of living in this province by eliminating the debt. Everyone knows that debt is good, it keeps us down and keeps us humble.

    Vote for Wynne, because we need more debt!
  10. Frankie posted on 05/29/2014 04:07 PM
    Do you correct someone's bad behaviour by continually rewarding that behaviour or do they need to suffer the consequences of that behaviour?

    Why are the Liberals being treated differently than anyone else, rather than being continuously rewarded for "stealing', lying, mismanaging billions of dollars, bribing unions, destroying our province economically, etc.?

    If you're a Liberal and unhappy with this behaviour you owe it to yourself and your party to send a clear message by voting them out. That is the only way they'll take you seriously.
    1. Alex posted on 05/29/2014 05:35 PM
      @Frankie Tim Hudak is gong to bring this Province to the lowest level in its history.
      The only thing I say is don't vote for Tim.
      Not that there is any stars out there.




      Vote John Tory for Mayor of Toronto!
  11. Alex posted on 05/29/2014 05:20 PM
    Not much to choose when it comes to this election. It is easy to know who not to vote for. That would be the guy who worked for Walmart Mr. Tim Hudak. He would like to see the province as a giant discounter (of working families rights).
    But there is no one else that I would recommend provincially either.

    Vote John Tory for Mayor of Toronto!
  12. Alex posted on 05/29/2014 05:25 PM
    This election is all about working families rights! Of course I mean the rights of the Working Families Coalition, not just any working family. Most working families have money, which means that the Working Families Coalition has the right to take as much of that money as they want, whenever they want. Because unions are good for the people!

    That's why I'm voting Liberal. Because Working Families is MY family!
  13. Alex posted on 05/29/2014 05:39 PM
    Actually, I forgot that I'm a racist and won't be voting for any party since none of the candidates are white. Sorry. Disregard all of my other comments.
    1. Alex posted on 05/29/2014 05:40 PM
      @Alex Oh god, what a typo. I meant I won't be voting since ALL of the candidates are white! Sorry again!
  14. Consider This posted on 05/29/2014 07:18 PM
    Consider this:

    1. This news is so damning that the Cons chose a former MPP. to release it !!
    (That way, when it is shown to be a virtual non-event, it will not have come from an "official" campaign source.)
    Nice try with this one, Cons.

    2. This "news" comes, curiously, when it's finally sinking in that the Con platform is not resonating with the voting public and its underpinnings have been refuted by every major economist in the land.
    Another nice try Cons.
    1. Frankie posted on 05/30/2014 10:58 AM
      @Consider This Consider this -

      1. The amount has now increased to over $ 400 million (and rising)
      2. The Liberals "stole" over $ 1 Billion to cancel the gas plants to save 3 seats vs $ 40 million to cancel if they waited until after the election
      3. Over $ 6 Billion wasted on Ornge, eHealth, etc.
      4. Bribing unions by lying about not increasing their wages
      5. Increasing the civil service by 300,000 over 11 years.
      6. Ignoring economists warning about the fiscal disaster awaiting Ontario, even Dwight Duncan's warnings (he was Liberal Finance Ministter for those of you that don't know)

      Those are facts and that's what every voter needs to consider.
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