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Waterfront gets $334M

After months of running on the verge of bankruptcy, the corporation responsible for turning Toronto's waterfront into something spectacular finally has the money to do it.

The Toronto Waterfront Revitalization Corp.'s board of directors was cheerfully told yesterday it now has $334 million to spend. "It means we can get going on things, we can get under way," chief executive John Campbell said.

The money comes from the city, Queen's Park and Ottawa, and will be spent on specific projects over the next five years. It's a down payment on the $1.5 billion promised when the corporation was created in 2001.  more...


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