It looks like the three levels of government have reached some sort of agreement about funding Toronto's Waterfront Revitalization Corp. The Star reports it as $334-million, and the Globe as $344-million.
The situation is a bit strange, since this is neither a new promise, nor the delivery of a cheque. It is just one more gradation between the initial promise and the possible delivery of money some day. Apparently they say there is a deal for the money to "flow as the corporation is ready to spend it".
What is interesting and disappointing is that the money was being held up in squabbles over the Front Street Extension. From The Star:
I have mixed feelings about this. On one hand, I'm disappointed that the federal government would be in the business of holding up promised money that the Waterfront Revitalization Corporation thinks it needs. On the other hand, I think the Front Street Extension sucks. It is too expensive and really doesn't have much to do with helping our waterfront.
I don't get why David Miller supports it so much -- unless it is part of a secret strategy that will lead to demolishing/burying the Gardiner.