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Therme's Controversial Lease Sparks Outrage in Toronto

4/17/2025

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Summary

Story summary

Therme, a European company, is under fire in Toronto for securing a controversial 95-year lease for a spa and water park, with the Ontario government footing the initial bill. Critics have slammed the contracting process as biased, while a New York Times investigation uncovered that Therme misrepresented its qualifications to clinch the deal amid its ambitious global expansion plans.

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Story summary

Therme, a European company, is under fire in Toronto for securing a controversial 95-year lease for a spa and water park, with the Ontario government footing the initial bill. Critics have slammed the contracting process as biased, while a New York Times investigation uncovered that Therme misrepresented its qualifications to clinch the deal amid its ambitious global expansion plans.