The Kielburger Family's Private Real Estate Empire And Its Recent Deal With The City Of Toronto - 2020-07-24

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F0.png The Kielburger Family's Private Real Estate Empire And Its Recent Deal With The City Of Toronto July 24, 2020, Jaren Kerr, Canadaland

The City of Toronto is expected to spend up to almost $10 million over 15 years to lease and renovate a property owned by the parents of Craig and Marc Kielburger, the co-founders of the WE organization. Despite speculation by residents of Toronto's Cabbagetown neighbourhood, who have pointed to Mayor John Tory's long relationship with the Kielburgers, a spokesperson for the mayor says he had no involvement in the decision, which was made by City staff without Council approval.

The property is currently assessed at just under $2.3 million for tax purposes.

According to WE Charity, a real estate agent hired by the City approached Fred and Theresa Kielburger regarding 233 Carlton Street, which they own through a numbered company. A representative then handled the deal on the Kielburgers' behalf.

Wikipedia cite:
{{cite news | first = Jaren | last = Kerr | title = The Kielburger Family's Private Real Estate Empire And Its Recent Deal With The City Of Toronto | url = https://www.canadalandshow.com/kielburger-family-real-estate-empire-and-recent-deal-with-city-of-toronto/ | work = Canadaland | date = July 24, 2020 | accessdate = July 25, 2020 }}