Apr
10
Toronto Mayor Says He’s Open to Sale of City Real Estate Assets
By-
Tory suggests proceeds could be used for transit projects
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Recent sale of federal building caught his attention, he says
John Tory, mayor of Toronto.
Photographer: Mark Sommerfeld/Bloomberg
Toronto’s mayor won’t rule out selling some of the city’s prime downtown real estate as he looks to make better use of assets amid an unprecedented property boom.
“Would I take that off the table? No, I wouldn’t,” Mayor John Tory said in an interview last week at Bloomberg’s Toronto office. Selling buildings in the city’s costly downtown market probably wouldn’t be “quite as politically charged” as divesting other types of assets, such as the parking authority or power utility Toronto Hydro, he said…
Toronto Mayor Says He’s Open to Sale of City Real Estate Assets
