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Toronto Approves WNBA Team Lease | Toronto News
Toronto’s city council just approved a landmark 40-year lease for the new WNBA team, the Toronto Tempo, to build a practice facility and parkland on a waterfront parking lot — for just $1 a year. While the deal means the city will lose nearly $1.3 million annually in parking revenue and new costs, the team promises long-term value with a $2 million payment due in year five. Critics called it a “giveaway,” but officials defended it as a smart, market-based investment that boosts women’s sports and community spirit. The mayor hailed it as a unifying force, and the lease kicks off September 15 —…
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