Three Toronto property giants write a letter opposing a downtown casino (and embarrassing Paul Godfrey)
Only a week after three former Toronto mayors penned a letter opposing the development of a casino in Toronto, three of the city’s largest commercial property firms have written their own letter against the idea of a downtown gambling den—but for very different reasons. Edward Sonshine, Michael Emory and Stephen Diamond, who head RioCan, Allied Properties and Diamond Corp., respectively, don’t oppose casinos on principle, but they say the traffic snarls that would result from putting one in the city’s core could “jeopardiz[e] the success of our downtown.” Specifically, the execs are worried about implications for the major mixed-use project they hope to develop at the foot of Spadina, a few blocks west of the Metro Toronto Convention Centre—one of the proposed casino locations (and the one with the fanciest renderings to date). For OLG chair and casino cheerleader Paul Godfrey, the letter is a downer twice over: it’s ammunition for the anti-gambling faction and, since Godfrey is also the chair of the board at RioCan, it’s also pretty humiliating. [Globe and Mail]
One thought on “Three Toronto property giants write a letter opposing a downtown casino (and embarrassing Paul Godfrey)”
Godfrey has been taken out at the knees.
Wynne really has no choice but to join the debate and try to make some sense of what is becoming the next great Liberal disaster. If she fails to become involved she risks owning the modernization of gaming. She now has her chance to distance herself from Godfrey, Duncan, and Mcguinty.
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