Those of you mourning the end of the mayoral campaign will be glad to hear there might be another contest on the horizon involving one of the municipal election’s central figures. “I can honestly say I wouldn’t rule that out right now,” commented Doug Ford on the possibility of making a bid for the Ontario Conservative Party leadership. Some Tories appear to be welcoming the prospect, believing he’d have a “real shot” at winning—others are less enthusiastic: one source asked “Are you [deleted] kidding me?” and one member of the legislature said simply, “Doug Ford? Oh my God.”
It’s been a rough week for Doug Ford. First he lost the mayoral election. Now it looks as if he’s going to lose some money too. CP24 reports that Ford is facing an $11,950 fine over illegally placed mayoral campaign signs. Candidates are charged $25 for each election sign found to violate City rules—including any signs placed along the Don Valley Parkway or Gardiner Expressway, on civic buildings, and in parks. City staff removed 478 “Ford for Mayor” signs over the course of the campaign. Meanwhile, just 119 of John Tory’s signs were removed (he faces a $2,975 fine) and 96 of Olivia Chow’s (she’s on the hook for $2,400).
An ownership shuffle is afoot at Toronto’s historic Royal York Hotel. According to the Toronto Star, real estate company KingSett will nab a 60 per cent interest in the hotel, worth just over $110 million. Meanwhile, the similarly unfortunately named InnVest Real Estate Investment Trust will acquire a 20 per cent stake for nearly $40 million. That leaves 20 per cent for the hotel’s current owner, provincial pension fund company Caisse de dépôt et placement du Québec. The deal is set to close in January, after which the new owners will invest millions of dollars in renovations to the 85-year-old hotel. Fairmont will continue to operate the Royal York, which has been on the market since May 2014.