The Maple Leafs is one of six professional sports teams owned by Maple Leaf Sports & Entertainment (MLSE) in 2018 Forbes estimated the value of the club at US $1.45 billion making the Maple Leafs are the second most valuable franchise in the NHL after the New York Rangers. However MLSE has refuted past valuations made by Forbes Initially ownership of the club was held by the Arena Gardens of Toronto Limited; an ownership group fronted by Henry Pellatt that owned and managed Arena Gardens the club was named a permanent franchise in the League following its inaugural season with team manager Charles Querrie and the Arena Gardens treasurer Hubert Vearncombe as its owners the Arena Company owned the club until 1919 when litigations from Eddie Livingstone forced the company to declare bankruptcy Querrie brokered the sale of the Arena Garden's share to the owners of the amateur St Patricks Hockey Club. Maintaining his shares in the club Querrie fronted the new ownership group until 1927 when the club was put up for sale Toronto Varsity Blues coach Conn Smythe put together an ownership group and purchased the franchise for $160,000 in 1929 Smythe decided in the midst of the Great Depression that the Maple Leafs needed a new arena to finance it Smythe launched Maple Leaf Gardens Limited (MLGL) a publicly traded management company to own both the Maple Leafs and the new arena which was named Maple Leaf Gardens Smythe traded his stake in the Leafs for shares in MLGL and sold shares in the holding company to the public to help fund construction for the arena Although Smythe was the face of MLGL from its founding he did not gain controlling interest in the company until 1947. Smythe remained MLGL's principal owner until 1961 when he sold 90 percent of his shares to an ownership group consisting of Harold Ballard John Bassett and Stafford Smythe Ballard became majority owner in February 1972 shortly following the death of Stafford Smythe. Ballard was the principal owner of MLGL until his death in 1990 the company remained a publicly traded company until 1998 when an ownership group fronted by Steve Stavro privatized the company by acquiring more than the 90 percent of stock necessary to force objecting shareholders out While initially primarily a hockey company with ownership stakes in a number of junior hockey clubs including the Toronto Marlboros of the Ontario Hockey Association the company later branched out to own the Hamilton Tiger-Cats of the Canadian Football League from the late 1970s to late 1980s on February 12 1998 MLGL purchased the Toronto Raptors of the National Basketball Association who were constructing the then-Air Canada Centre After MLGL acquired the Raptors the company changed its name to MLSE the company's portfolio has since expanded to include the Toronto FC of Major League Soccer the Toronto Marlies of the AHL the Toronto Argonauts of the Canadian Football League and a 37.5 percent stake in Maple Leaf Square The present ownership structure emerged in 2012 after the Ontario Teachers' Pension Plan (the company's former principal owner) announced the sale of its 75 percent stake in MLSE to a consortium made up of Bell Canada and Rogers Communications in a deal valued at $1.32 billion as part of the sale two numbered companies were created to jointly hold stock This ownership structure ensures that at the shareholder level Rogers and Bell vote their overall 75 percent interest in the company together and thus decisions on the management of the company must be made by consensus between the two a portion of Bell's share in MLSE is owned by its pension fund in order to make Bell's share in MLSE under 30 percent This was done so that Bell could retain its existing 18 percent interest in the Montreal Canadiens; as NHL rules prevent any shareholder that owns more than 30 percent of a team from holding an ownership position in another the remaining 25 percent is owned by Larry Tanenbaum who is also the chairman of MLSE Ownership structure of Maple Leafs Sports & Entertainment. Wine grapes growing in the Niagara Peninsula a major Canadian wine region Common types of farms reported in the 2001 census include those for cattle small grains and dairy the fruit- and grape-growing industry is primarily on the Niagara Peninsula and along Lake Erie where tobacco farms are also situated Market vegetables grow in the rich soils of the Holland Marsh near Newmarket the area near Windsor is also very fertile the Heinz plant in Leamington was taken over in these autumn of 2013 by Warren Buffett and a Brazilian partner following which it put 740 people out of work. Government subsidies followed shortly; Premier Kathleen Wynne offered CAD$200,000 to cushion the blow and promised that another processed-food operator would soon be found on December 10 2013 Kellogg's announced layoffs for more than 509 workers at a cereal manufacture plant in London. Kellogg's plans to relocate jobs to Thailand The area defined as the Corn Belt covers much of the southwestern area of the province extending as far north as close to Goderich but corn and soy are grown throughout the southern portion of the province Apple orchards are a common sight along the southern shore of Nottawasaga Bay (part of Georgian Bay) near Collingwood and along the northern shore of Lake Ontario near Cobourg Tobacco production centred in Norfolk County has decreased allowing an increase in alternative crops such as hazelnuts and ginseng the Ontario origins of Massey Ferguson once one of the largest farm-implement manufacturers in the world indicate the importance agriculture once[citation needed] had to the Canadian economy A sign that marks the Ottawa Greenbelt an initiative that aims to protect the surrounding farmland and limit urban sprawl Southern Ontario's limited supply of agricultural land is going out of production at an increasing rate Urban sprawl and farmland severances contribute to the loss of thousands of acres of productive agricultural land in Ontario each year Over 2,000 farms and 150,000 acres (61,000 ha) of farmland in the GTA alone were lost to production in the two decades between 1976 and 1996 This loss represented approximately 18%" of Ontario's Class 1 farmland being converted to urban purposes in addition increasing rural severances provide ever-greater interference with agricultural production in an effort to protect the farmland and green spaces of Greater Toronto and the National Capital Region the Government of Ontario introduced greenbelts around the Golden Horseshoe and Ottawa limiting urban development in these areas Energy. 5.1 Ethnic groups 5.1 Financial issues Accounting & Finance Toronto is built on the former lake bed of Lake Iroquois This large flat expanse presents few natural limits to growth and throughout its history Toronto has sprawled outward and today has a ring of suburbs that spans hundreds of square kilometres in 2005 the provincial government has attempted to place an artificial limit to this growth in the form of a Greenbelt around the city Toronto was planned out on a grid system of concession lines spaced about two kilometres apart that separated rural landholdings Major avenues were established along each concession line as the city spread outward These avenues run straight with few diversions for long stretches and Toronto is notable for the considerable length of its major streets Most of the avenues go from one side of the city to the other and often continue deep into the neighbouring suburbs Suburban expansion replaced these rural lots with subdivisions made of crescents and cul-de-sacs These local road networks were designed to reduce and slow traffic redirecting vehicles to the avenues These wide avenues that even run through the central city have also made it easier for Toronto to retain a streetcar system which was among the few North American cities to do so The most important obstacle to construction is Toronto's network of ravines Historically city planners filled in many of the ravines and when this was not possible planners mostly ignored them though today the remaining ones are embraced for their natural beauty Ravines have helped isolate some central neighbourhoods from the rest of the city and have contributed to the exclusivity of certain neighbourhoods such as Rosedale Opened in 1889 the Don Valley Brick Works was one of several local brickworks the abundance of clay in the area made brick a commonly used material for construction Building materials.
Attendance Democratic governance The population of the Golden Horseshoe was 7.82 million residents at the 2016 census the region is projected to grow to 11.5 million people by 2031 Ethnic groups in the Greater Golden Horseshoe. .
Harvest Restaurant