Questions are being raised about the $16 million sale price a province-owned corporation put on a 16-hectare (40-acre) power plant site on Toronto’s eastern waterfront. An NDP MPP argues that Studios of America got “an unbelievably good deal” by purchasing the waterfront Hearn site for $16 million. ( Richard Lautens / Toronto Star file phto )Others were pointing to the past sale of waterfront properties including, earlier this year, OPG’s $275 million deal for the significantly bigger, 72-hectare (178-acre) former Lakeview Generating Station site on Mississauga’s waterfront. Last year, an OPG executive told a City of Toronto committee his corporation would not sell the Hearn site without the “blessing” of the province, its sole shareholder. Last December, the City of Toronto announced it was buying the Showline Studios site in the Port Lands, on Lake Shore Blvd.

Source: thestar November 23, 2018 23:14 UTC