It depends on how much power the provincial government has here, and how the relationship with the city government evolves.

The mayor and the new premier are both members of the Progressive Conservative party, but John Tory and Doug Ford are…they have rather different temperaments. Ford is, to risk oversimplifying, Trump-esque, and not easy to predict yet. This could either become a traditional "public-private parternships are great" pitch, or a weird populist backlash against big government and big business. (Who knows. Ford and the anti-gentrifications folks might end up both being against this. But really, who knows at this point.)