Duncan: province selling off LCBO HQ for $200M

(Updated video) Ontario’s finance minister Dwight Duncan was speaking to the Economic Club of Canada ahead of the release Wednesday of a long-awaited report from former TD Bank economist Don Drummond.

Duncan says Drummond’s report will say that if delivery of public services isn’t transformed, the province’s deficit will be about $30 billion in 2017-18. The Conference Board of Canada estimated last week that it could rise to $16 billion.

Duncan says that in addition to the sale of the LCBO headquarters property, ServiceOntario will have more private sector involvement. Duncan also says he will review the $345 million in subsidies given to horse racing in Ontario each year through the OLG.

Video: Lisa Hepfner reports: