TTC to scrap $50M newsstand deal: report
The Toronto Transit Commission will reportedly scrap a $50-million Gateway Newsstands lease extension in order to peruse other proposals.
CP24 reports Mayor Rob Ford and other critics have panned the proposed 10-year contract extension, largely for not considering additional offers.
A third party consulting firm, Altus Group Ltd., reportedly recommended the withdrawl, and the board is expected to reveal its decision at a Monday afternoon meeting.
However, board chair Karen Stintz told the Toronto Star that if the TTC does go back on the deal, it may lose up to $3-million.
The existing Gateway Newsstands proposal includes a $1.4-million increase for its final two years of its previous city contract, and also includes a 67 per cent rent increase, according to CP24.
Gateway Newsstands has been the exclusive kiosk subway station provider since 1994, and its current deal will expire in 2014.
A Tuesday winter storm?
Frost yourself – A winter storm may hit Toronto and the GTA on Tuesday night, according to a new special weather statement issued by Environment Canada.
680 News writes evening temperatures will approach the freezing mark, a change which could be met by significant snowfall and rain. Environment Canada’s statement predicts the city and surrounding areas could see close to 15 centimetres of snow, before Wednesday morning.
The storm system is reportedly the result of a low-pressure system on the move from Texas, and the Great Plains region.
J-Lawr rocks the Oscars
Jennifer, Jennifer, Jennifer. First, she ‘beat Meryl,’ and now the Silver Linings Playbook star has been named Best Actress at the 85th annual Oscars.
The charming 22-year-old accidentally tripped over her Dior haute couture dress while walking up to accept her award, but she quickly brushed off her flub.
In the aforementioned film, Jennifer Lawrence played Tiffany, a young widow looking to win a local dance competition and push past her grief. Backstage, Lawrence told the Oscar press room that the process for getting ready for Hollywood’s big night felt just like a movie.
Regardless, all the chaos was certainly worth it.