/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
City News

Quick cash grabs to pad city coffers seem to be the new pattern for the Rob Ford regime

By Stephen Spencer Davis
Copy link

A report that will soon go before mayor Rob Ford’s executive committee recommends the city sell off 10 per cent of Toronto Hydro, allowing interested buyers to scoop up shares. The Globe and Mail points out that the idea of putting Toronto Hydro up for purchase has been rejected in the past, including a proposal in 2010 that Ford himself did not support. Ford also spoke out against selling off Hydro during last year’s mayoral campaign, while opponent Rocco Rossi insisted it was a good idea. Is this a flip-flop? Not how Ford sees it. The mayor drew a distinction between selling off Hydro and, well, selling off part of it. Councillor Shelley Carroll says the proposed sale represents a short-sighted grab for some quick cash, the kind of accusation we think that Ford should probably get used to if he plans more moves like this. Read the entire story [Globe and Mail] »

THIS CITY

Obsessive coverage of Toronto, straight to your inbox

By signing up, you agree to our terms of use and privacy policy. You may unsubscribe at any time.

Advertisement
Advertisement

The Latest

Toronto is now giving out free pre-approved designs for laneway and garden suites
Real Estate News

Toronto is now giving out free pre-approved designs for laneway and garden suites

Inside the Latest Issue

The July issue of Toronto Life features a behind-the-curtain look at the insatiable political ambitions of Doug Ford. Plus, our obsessive coverage of everything that matters now in the city.