The $350-million is private investment, as the pre-construction phase ends
Construction has started on transforming the abandoned Toronto Power Generating Station to a 5-star hotel.
Ontario's Minister of Tourism Zee Hamid was on hand yesterday at the site over-looking the Niagara River, to mark the end of pre-construction planning and site preparation.
Niagara Parks is workiing with Toronto Power Hotel Inc, as it spends $350-million for contractor Deltera Contracting Inc to build free indoor and outdoor public viewing areas, four to five restaurants, a spa, and multiple event venues, while maintaining the historic character of the building.
Niagara Parks adds Pearle Hospitality, based out of Ontario, will manage and operate the hotel.
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