A committee led by Mayor Olivia Chow is likely to sign off on a 40-year lease for Toronto’s WNBA team, which would pay $1 a year for a parcel of land the city may value at $10 million – or more.
A report, prepared for Chow’s powerful executive committee by the heads of City Hall’s parks and recreation division and its corporate real estate management arm, recommends the Toronto Tempo be given a city-owned surface parking lot at 701 Fleet St.– located northeast of Strachan Ave. and Lake Shore Blvd. W. – to turn into a practice facility.
So the city is giving a 40 year sweetheart lease to a league that won’t last 5 years (That’s the upside) and tax payers lose 500K a year in parking fees in exchange for 800K in operating expenses.
Chow must go she is a stooge.
