Ontario Premier Orders Investigation into Controversial Waterfront Lease

In light of allegations regarding the company's misrepresentation of its operational experience, Ontario's government is now set to review a nearly century-long contract with Therme, to ensure transparency and accountability.

In a stunning political move, Ontario Premier Doug Ford announced on Wednesday that his administration will re-evaluate a significant lease agreement made with Therme, a European wellness company, to develop a spa and water park on an artificial island off the Toronto waterfront. This announcement comes on the heels of a New York Times investigation that accused Therme of exaggerating its experience present during the bidding process.

The provincial government entered into a 95-year lease agreement with Therme last year, allowing the company to develop a project meant to enhance Toronto's waterfront appeal. However, eyebrows were raised when Ford learned through media reports that Therme had apparently misrepresented its qualifications during the bid, claiming to currently operate four to six wellness facilities in Europe, while they had owned and operated only one existing facility near Bucharest, Romania.

“Upon hearing these allegations, I immediately brought the matter to the attention of the relevant minister and deputy,” Ford commented during a press briefing in Toronto. “I want to ensure we thoroughly verify the contract to confirm its integrity and adherence to proper standards.”

As concerns mount over the transparency and fairness of the bidding process for this significant lease, the provincial government aims to provide clarity. Therme did not respond to requests for comments amid growing scrutiny surrounding the deal.

The review is set to analyze the lease’s terms and the bidding process itself, aiming to address potential discrepancies and maintain the public trust in government dealings with private enterprises.