A major property developer is gambling on Toronto approving a casino.
Oxford Properties Group has announced plans for a three-billion-dollar development around the Metro Convention Centre – including a hotel-casino complex.
The plans will also see an expanded convention centre, along with significant new retail, office and residential space.
The plan depends on a casino being approved for Toronto. The convention centre is one of a number of locations Ontario Lottery and Gaming is looking at for a casino.
Oxford says the development will be fully funded by the private sector. It would be one of the largest urban redevelopment projects in North America.
It’s also contemplating a 5.5-acre urban park that would connect the core to the waterfront over the existing rail corridor.