Ontario Awards $198M Contract for New Ontario Place Parking Structure

The Government of Ontario has awarded a $198 million design-build contract for a new parking structure at Ontario Place in Toronto, marking another step in the province’s wider redevelopment of the waterfront destination.

Pomerleau Inc. has been selected to deliver the provincially owned facility, with Arcadis Professional Services (Canada) Inc. serving as design lead. The new five-storey, open-air structure will be built on the existing parking lot south of Lake Shore Boulevard West.

Once complete, the facility is expected to provide up to 3,500 vehicle parking spaces. Plans also include 680 electric vehicle charging stations, bicycle parking, and dedicated areas for bus pick-up and drop-off. The province has said the building will feature landscaping intended to help it fit into the surrounding park environment.

According to provincial estimates, the parking structure could generate up to $60 million in gross annual revenue once Ontario Place is fully operational. The government has also positioned the contract value as significantly below earlier cost estimates, including a $400 million figure identified when the project entered procurement and a higher estimate referenced in the Auditor General’s 2024 report.

The parking facility is intended to support increased visitor demand as Ontario Place is transformed into a renewed public and tourism destination. The broader redevelopment plan includes more than 50 acres of public trails, expanded green space, playgrounds, beaches, event areas, a modernized marina, interactive fountains and improved waterfront access.

The project is also part of a larger mobility strategy for the site, which is expected to benefit from nearby transit connections, including access through Exhibition Station and future links to the Ontario Line.

Construction activity is already underway on other elements of the Ontario Place redevelopment, including the new Ontario Science Centre. The province expects the overall program to support thousands of construction jobs and increase long-term visitor activity at the waterfront site.

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