As a general FYI, the original EllisDon bid was invalid so they would have had to go with the Kenaidan $180M bid. The retender did come out about $19M lower, with EllisDon now having a valid bid of $161M.
Retendering was the right choice, even if EllisDon is milking it a bit.
The gap between Waterfront Toronto funding and the necessary $161M is being taken from various SOGR projects (tunnel work, escalator overhauls, fire ventilation, booth renewal program, and HVAC). Those budgeted projects don't need to be done separately if this went through.
Looks like we should see the contractor setting up for a late January start.