Exclusive

Ontario auditor general conducting audit of Waterfront Toronto

The value-for-money audit has now been completed. You can read the results of it here.

The Ontario auditor general is conducting a value-for-money audit of Waterfront Toronto, The Logic has learned. A source familiar with the proceedings said the audit is looking closely at Waterfront Toronto’s operations related to its partnership with Sidewalk Labs, Google’s sister company.

In an email, the Office of the Auditor General of Ontario confirmed that it is conducting an audit of the Toronto Waterfront Revitalization Corporation, and that it was initiated by Ontario Auditor General Bonnie Lysyk during her annual selection process.

A value-for-money audit—which looks into the use of public funds—of an agency like Waterfront Toronto is a rare measure.

“It is neither routine, nor is it common,” said Donald J. Savoie, professor at the Université de Moncton and one of Canada’s most highly-regarded experts in public administration.

    Enter your email to read this article for free

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.
    Already a subscriber?

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Huawei losses ease with rise in domestic cloud business

    Celsius creditors file motion to block crypto lender from selling mined bitcoin

    ‘SPAC King’ seeks deadline extension to close deals

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited