The city of Toronto spent more than $200-million to build an arcade in the city’s Downtown Eastside, which was meant to be the world’s first free casino game, the Star has learned.
The $100 million project has not yet been completed, but the City of Toronto is paying $40,000 a month to rent space at the new arcade and its operator, a local video arcade operator, is paying another $10,000 per month for security.
The City of Ontario, which runs the Downtown East side, is responsible for the licensing of the arcade, the city said in a statement on Wednesday.
“The arcade was a part of the $3 billion redevelopment that the City is doing for the Downtown area, and was intended to serve as a venue for the community,” it said.
“It will allow people to play casino games and socialize while enjoying the entertainment and entertainment opportunities available in the Downtown District.”
The city is paying for the arcade with a new property tax, which it will use to pay for the rent and security fees.
The city has also paid for the construction of the new facility with a portion of the city property tax.
The casino is expected to open in 2018.
The new arcade will be located in a large parking lot on the southeast corner of University and University Avenue.
It will be the first casino gaming facility in the area.
The area was previously known as the Downtown Toronto Centre.