I received an email from Mayor Fords office stipulating that "NO" property at Exhibition Park will be sold ( nor can they sell same) by the City of Toronto. This now leads us into what type of lease will be issued to MGM Grand an over what term. This company (MGM) is not about to build a Billion dollar facility on land it has not acquired over a long, long term usage agreement. I have asked for details in the contract the City of Toronto will sign in the lease of said property.
The Mayors Office did not answer nor address why the CNE was given over to a private non profit company thus removing the CNE out of the control of the City of Toronto. This removal of the CNE from Toronto control and given to a non profit company has made the owner(s) of said company very wealthy people!!
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