BREAKING NEWS: Government to shut down Waterpark, Cinesphere, and Rides at Ontario Place.

One of my favourite childhood attractions in Toronto seems to be on its way out as the Ontario Government prepares to announce plans to shut down its major entertainment components.
After 41 years, the iconic waterfront amusement park known as Ontario Place looks to have run out of lives. 2.5 million people visited the park last year, the same number that attended during its 20th anniversary. The government reports that the park lost $20 Million last year.
It's a sad day for Toronto, and even more so for the employees and over 600 summer students that are employed at Ontario Place.
Revitalization plans for the park have it slated for an overhaul to be completed by 2017.
Thanks for the amazing memories Ontario Place. From driving my first car when I was 4 years old, watching my first movie on the big screen, concerts at the amphitheater, the water park, and of course hanging out with my friends at the restaurants on weekends, there sure are many of them. Glad I had the opportunity to take my kids there over the last few years. Unfortunately, all good things must end.
It sure is a sad day in Toronto. Hopefully, 2017 sees the opening of a bigger and better version of Ontario Place, helping to create more memories for more people.

CTV Story attached:

Via: CTVNews

Ontario's Liberal government is poised to make a key announcement Wednesday tapping a former Progressive Conservative leader to head a revitalization plan of Ontario Place.

The Canadian Press citing a government source said John Tory has been asked to advise the government on revamping the floundering waterfront park.

The source said Tory is tasked with finding ways to "engage the community" in creating a new vision for the once popular attraction.

The aim is to revitalize the site by 2017.

Michael Chan, minister of Tourism, Culture and Sport along with Dwight Duncan, minister of Finance, will make the announcement.

Ontario Place, which celebrated its 40th anniversary last year, drew 2.5 million visitors, roughly the same number it boasted for its 20th anniversary.

Posted via email from Markham Real Estate Today with Asif Khan