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Economic Benefits of Transformation AGO

The Transformation AGO project will have direct economic benefits on our city and province.  

Major economic benefits:

  • Increased tourism in Ontario
  • Job creation throughout hospitality and consumer sectors
  • Heightened appeal of region as a location for new businesses and other investments

Specific economic benefits*:

  • 2,058 person years of employment generated by the construction project
  • $96 million in new labour income generated from the construction project
  • One-time addition of $100 million to Toronto economy for expansion project
  • $54 million in provincial and federal tax revenues generated by the construction project
  • 245 permanent new jobs generated throughout the province
  • $3.8 million generated annually in tax revenues
  • $12.7 million in new tourism revenues throughout the province

* Prepared by PricewaterhouseCoopers, April 2001 for AGO’s SuperBuild application

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