Wynne hid $317-million bailout of MaRS real-estate project, PCs allege #onpoli

Ontario’s Progressive Conservatives have released government documents showing the Liberals secretly approved a $317-million bailout of a downtown Toronto real-estate development.

The Liberals gave $71-million to build a second tower at the MaRS research centre, and provided a $234-million loan for the project, but the documents show the registered charity and the real-estate developer behind it can’t repay the money.

Former Tory MPP Frank Klees says a whistleblower turned over the cabinet documents, and accuses Premier Kathleen Wynne of approving the bailout behind closed doors to avoid embarrassment during the election campaign.