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Ontario Reveals Five-Storey Waterfront Parking Garage in Final Ontario Place Plans

Tied to a long-term spa lease, this component anchors a $2.2-billion redevelopment set to break ground in 2026.

The new Therme spa at Ontario Place.
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Overview

  • Finalized renderings released June 24 depict a five-storey, 3,500-space garage spanning the waterfront between Lakeshore Boulevard and Lake Ontario at an estimated $400 million cost.
  • A 95-year lease with Therme Group obliges the province to provide 1,600 dedicated parking spaces for the private spa and waterpark complex.
  • The broader project has swelled to $2.2 billion and also includes an Indigenous cultural pavilion, public beach, green spaces, a relocated Science Centre and a Live Nation performance venue.
  • Local activists and NDP MPP Chris Glover argue the redevelopment prioritizes private development over public parkland and imposes heavy costs on taxpayers.
  • Construction is slated to begin in 2026 with phased openings across the site leading to a full launch in 2029.