NEWS
 
Tories: MaRS costs could be higher than thought
Party releases more documents and claim your taxdollars may be going down the drain
16 0

The Tories claim the bill for the MaRs development is going way up.

It may even be reaching gas plant cancellation territory. That cost taxpayers $1.1 billion.

MPP Vic Fedeli claims new documents prove amortization, tenant retrofit and shortfall costs could add up to almost $600 million in taxpayer money. That's on top of a $317 million buy out the Tories claim the Liberals paid to the development.

Fedeli is criticizing the Liberals for keeping these costs secret from taxpayers before an election campaign.

The premier underlines this real estate negotiation is ongoing and nothing has been decided on. However, Kathleen Wynne says it was put on hold because of the election.

Wynne says they would actually move public sector workers and consolidate departments into one building which is owned by the government.

The Liberal Party is criticizing the Progressive Conservative's math. They say the Tories miscalculated amortization costs and should be half of the estimated $440 million. As for the tenant fit-up costs, the Liberals claim it would be recouped in rent.
 

Categories:

DON'T MISS

TED RADIO HOUR

Welcome to TED Radio Hour hosted by Guy Raz, Saturdays at 6pm and Sundays at 7pm

 
16 0

The Tories claim the bill for the MaRs development is going way up.

It may even be reaching gas plant cancellation territory. That cost taxpayers $1.1 billion.

MPP Vic Fedeli claims new documents prove amortization, tenant retrofit and shortfall costs could add up to almost $600 million in taxpayer money. That's on top of a $317 million buy out the Tories claim the Liberals paid to the development.

Fedeli is criticizing the Liberals for keeping these costs secret from taxpayers before an election campaign.

The premier underlines this real estate negotiation is ongoing and nothing has been decided on. However, Kathleen Wynne says it was put on hold because of the election.

Wynne says they would actually move public sector workers and consolidate departments into one building which is owned by the government.

The Liberal Party is criticizing the Progressive Conservative's math. They say the Tories miscalculated amortization costs and should be half of the estimated $440 million. As for the tenant fit-up costs, the Liberals claim it would be recouped in rent.
 

Top stories

A 36-year-old was found early Sunday morning