Item - 2025.EP20.4
Tracking Status
- This item will be considered by Exhibition Place on December 5, 2025.
EP20.4 - Exhibition Place Rental Rates for 2031 to 2035
- Consideration Type:
- ACTION
- Ward:
- 10 - Spadina - Fort York
Confidential Attachment - The attachment to this report contains financial information that belongs to the Board of Governors of Exhibition Place and has monetary value or potential monetary value.
Origin
Recommendations
The Chief Executive Officer, Exhibition Place recommends that the Board of Governors of Exhibition Place:
1. Approve a market adjustment increase in rental rates for 2031 to 2035 inclusive, for meetings, conventions, events, and exhibitions in all managed facilities across the grounds as outlined in Confidential Attachment 1.
Summary
This report recommends rental rate increases for meetings, conventions and exhibitions in all managed facilities within the Exhibition Place grounds for the period of 2031 to 2035.
The recommendation is in response to increases in operating costs to maintain profitability and while keeping rates competitive with other venues in Toronto and the GTA.
Financial Impact
This recommendation will result in additional revenue streams which will offset anticipated normal annual increases to operating costs and maintain a competitive position in the industry. The market adjustment will result in estimated increased revenues of $2.026 million over the five-year period from 2031 to 2035 which amount will be included within the annual operating budget.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/ep/bgrd/backgroundfile-260309.pdf
Confidential Attachment 1 - Rental Rates 2031 to 2035 by Building