“…In particular, the public nature of Toronto's waterfront land—normally the area selected to stage the games—made the process challenging with different levels of government holding key properties and reluctant to participate. For this reason, it was rather remarkable that one of the legacies of Toronto's 2008 Olympic bid effort was the establishment of a waterfront redevelopment agency that was supported by a tripartite agreement between the City of Toronto, the Province of Ontario, and the federal government, each of whom promised CDN $500 million to waterfront development (Eidelman, ; Horak, ; Laidley, ; Oliver, , ). As Horak (, p. 321) argues, the “lure of a mega‐event” was key to creating an “institutionalized multi‐scalar collaboration.” Yet, after a decade of operation and with the initial CDN $1.5 billion now allotted, Waterfront Toronto is at a crossroads because it still lacks the authority to expropriate land and borrow money (Gordon, ) and remains “bankrolled via a series of bilateral and trilateral funding agreements,” referred to as “contribution agreements,” which are individually negotiated on a project‐by‐project basis (Eidelman, , p. 9).…”