ONTARIO-The Ontario government says it has awarded a $198 million contract to design and build a new provincially owned parking structure at Ontario Place, which is just 15.2 per cent of the $1.3 billion cost in the Auditor General’s 2024 report. Awarded to Canadian company Pomerleau Inc. following a competitive procurement process, the project will deliver up to 3,500 parking spots, 680 EV charging stations and bicycle parking, and is expected to generate up to $60 million in annual revenue for the province.
“Today’s contract award reaffirms our government’s position, under the leadership of Premier Ford, that this parking garage, which will produce revenue for the province, can and will be built at a cost that is reasonable and respectful to taxpayers,” said Stan Cho, Minister of Tourism, Culture and Gaming. “We’re building this garage at a fraction of the $1.3 billion cost contained in the 2024 Auditor General report and less than half of the $400 million projected cost when this project was tendered. We’ll keep protecting taxpayer dollars while building the infrastructure needed to support one of Ontario’s premier tourism destinations for decades to come.”
Following evaluation process, Infrastructure Ontario and the Ministry of Tourism, Culture and Gaming have awarded the contract to Canadian company Pomerleau Inc. to design and build the new parking structure. It will include:
- An open-to-air, above-ground, five-storey parking structure for up to 3,500 vehicles
- Approximately 680 electric vehicle (EV) charging stations
- Up to 100 bicycle parking spaces
- Bus pick-up and drop-off area
- A landscape design that transitions the building seamlessly to the surrounding park.
Families will have easy access to Ontario Place through the new Ontario Line at Exhibition Station, which will also connect to fast, convenient GO service across the Greater Golden Horseshoe, steps away from Toronto’s Billy Bishop Airport. These transportation links will support an accessible, world-class waterfront destination at Ontario Place that will create more than 5,700 jobs and add $420 million to Ontario’s GDP during construction. Once complete, Ontario Place will welcome up to six million visitors per year.
