Ontario's Premier Accountability Dashboard · Queen's Park Watch
Michael Rice
Rice Group
Estimated cost to Ontario
$8.3B
CEO of the Rice Group. Purchased approximately $80 million worth of land in King Township just two months before that land was removed from the Greenbelt in 2022, raising questions about advance knowledge of the rezoning.
Connected Scandals
Premier Doug Ford secretly handed 15 parcels of protected Greenbelt farmland to well-connected developers through a three-week backroom process — a windfall worth $8.3 billion to those developers — and only reversed it after the Auditor General publicly exposed the scheme.
Rice Group acquired King Township land for approximately $80 million in August 2022 — two months before the Ford government's November 2022 announcement removing that land from the Greenbelt. The timing raised concern about whether insiders had advance knowledge of the removals.