October 12, 2012
Oxford reveals plans for $3B Toronto casino project
By Don Peat, QMI Agency
TORONTO — Oxford Properties is betting on a casino as part of its more than $3-billion plan for a "world-scale project" next to the Rogers Centre.
In a press release issued early Friday morning, the real-estate developer revealed its plans for the Metro Toronto Convention Centre site downtown.
The 11-acre Oxford Place project, billed as fully funded by the private sector, will be "one of the largest urban redevelopment projects in North America," the company says.
Oxford Place would feature an integrated casino/hotel complex along with an expanded convention centre, adding new retail, office and residential space and 4,000 underground parking spots. Oxford stressed a casino would take up around 10% of the project and the casino operator selected by the province would build it.
Plans also call for a 5.5-acre urban park stretching over the existing rail tracks to connect the downtown to the waterfront.
"If the decision is made to have a casino in the City of Toronto, Oxford believes it can provide the best location and the ideal solution for all stakeholders," Oxford CEO Blake Hutcheson said in the press release.
Oxford released drawings that show at least four new towers — two for the casino/hotel and two for residential and office space — stretching up to the north of the Rogers Centre and the CN Tower.