OMERS Proposes $3B Casino Project For Toronto

Law360, New York (October 12, 2012, 6:38 PM EDT) -- The real estate arm of Ontario Municipal Employees Retirement System on Friday proposed a CA$3 billion (US$3.06 billion) casino and convention center project in downtown Toronto, in a plan with city benefits that echo a recently successful bid for a California stadium project.

In a plan similar to the recently approved, smaller-scaled Los Angeles stadium project by Anschutz Entertainment Group, Oxford Properties Group plans to renovate and expand the city's existing convention center as part of the Toronto deal and will fully fund the massive, multiphase...
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