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 — just in time for the CNE. This is a major leap for professional women’s basketball in Toronto, backed by billionaire Larry Tanenbaum. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c8c30704c9715451