Ontario Premier Doug Ford announced on Wednesday that an investigation will be conducted regarding a controversial lease signed with European wellness company Therme for a spa and water park on Toronto's waterfront. This decision follows revelations from a New York Times report suggesting that Therme misrepresented its operational experience during the bidding process.
Ontario Premier Launches Investigation into Waterfront Spa Company Deal
Ontario Premier Launches Investigation into Waterfront Spa Company Deal
Premier Doug Ford is seeking a review of the 95-year lease awarded to Therme following claims of overstated experience, ignited by a New York Times investigation.
The lengthy negotiation culminated in a nearly century-long lease last year, allowing the Austrian firm to develop an artificial island in Lake Ontario, near downtown Toronto. "Upon hearing these allegations, I immediately directed the minister and the deputy to conduct a thorough review,” Ford stated, emphasizing the need for transparency and compliance. He asserted the aim is to ensure that the contract meets integrity standards. Reports indicate that Therme depicted a greater operational capacity than true; while listing four to six facilities in its proposal, the company only has one wellness center in Romania.
