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NYTimes
New York Times
16 Apr 2025
Matina Stevis-Gridneff


NextImg:Ontario Premier Doug Ford Orders Review of Therme’s Toronto Waterfront Lease

The premier of Ontario on Wednesday said that he had asked his government to look into a deal that the province signed with a European wellness company to develop and operate a spa and water park off Toronto’s coveted waterfront.

Premier Doug Ford’s request that the lease be re-examined came after a New York Times investigation found that the company, Therme, had overstated its experience during the bidding process.

After the yearslong process, the province signed a nearly century-long lease last year with the Austrian-based company to develop an artificial island just off the coast of downtown Toronto in Lake Ontario.

“When I heard this, this allegation, I went directly to the minister and to the deputy and said, ‘Here, look into this’,” Mr. Ford told the news media in Toronto on Wednesday.

“I just want to double- and triple-check the contract,” Mr. Ford said. “We’ll look into it, make sure everything passes a smell test.”

The company did not immediately respond to a request for comment.

During the bidding process, the company owned and operated only one wellness facility, in Romania, outside Bucharest. But the Times investigation found that it had claimed to be running four to six facilities in Europe in its submissions to the Ontario government.


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