City council is considering an application to rework the lease of the boardwalk café and other park food services.
Tuggs Incorporated holds an exclusive lease to the city’s Eastern Beaches properties, an agreement which will expire in 2028.
Their application to the city aims to assign part of that lease to Cara Operations Limited, the operator of several chain restaurants including Milestones and Harvey’s. Cara runs Carter’s Landing, the restaurant which opened at the Lakeshore Boulevard cafe earlier this summer.
The assignment would see Cara take over the lease for the Lakeshore building at Woodbine Park which contains Carter’s Landing, Tim Hortons, and the Athens Bakery, as well as concessions at Kew Gardens and the Donald D. Summerville Pool.
Cara would then sublease back to Tuggs all portions of the buildings, except for the section containing Carter’s Landing.
The application notes that Tuggs cannot assign the lease without the consent of the city, adding that Cara is currently operating in the building as a ‘third party’ pending council’s decision.
City staff are recommending that council approve the changes, pointing to term considering the financial viability of the assignee (Cara is deemed to be financially viable and able to meet the terms of the lease).
The item was before the government management committee today, September 6, and will go before Toronto City council on October 5.
Today’s committee voted to send the application to council without recommendation after discussing the issue in camera.