In a significant move, Ontario Premier Doug Ford announced on Wednesday that his government would be reviewing a contentious deal involving a European wellness company, Therme, which has secured a 95-year lease to create a spa and water park on an artificial island off Toronto's waterfront. This decision follows a revealing investigation by the New York Times, which indicated that Therme may have exaggerated its operational experience during the bidding process.
Last year, after an extensive selection process, the province agreed to lease the site in Lake Ontario, located just off downtown Toronto. However, the Times investigation highlighted that Therme only managed one wellness establishment in Romania, while claiming to operate multiple facilities across Europe when negotiating with Ontario officials.
"I've asked for a thorough investigation into the contract," Premier Ford stated in a press briefing on Wednesday. "We just want to ensure everything is in order.” Therme has not publicly commented on the matter yet. Amidst the excitement and anticipation surrounding developments in Toronto's waterfront, this inquiry could have significant implications for the future of the project.
Last year, after an extensive selection process, the province agreed to lease the site in Lake Ontario, located just off downtown Toronto. However, the Times investigation highlighted that Therme only managed one wellness establishment in Romania, while claiming to operate multiple facilities across Europe when negotiating with Ontario officials.
"I've asked for a thorough investigation into the contract," Premier Ford stated in a press briefing on Wednesday. "We just want to ensure everything is in order.” Therme has not publicly commented on the matter yet. Amidst the excitement and anticipation surrounding developments in Toronto's waterfront, this inquiry could have significant implications for the future of the project.
