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"The fund 'receives a return on its equity investments in the form of capital appreciation, but we also measure our return based on the public benefits associated with the project.'" www.thestar.com/real-estate/...
The province is funding the investment for the Scarborough project through the Build Ontario Fund, a Crown agency whose mandate is to invest in infrastructure that makes a profit.www.thestar.com
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Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or ‘bailout’?
Amber Shortt