That doesn’t mean he won’t take risks. Oxford was the first developer to publicly unveil plans for a potential $3-billion casino complex in the heart of Toronto, before the city had decided if it even wanted a casino.
But he won’t press his agenda at any cost. As the casino debate heated up in the early months of this year, some of the players went to great lengths to lobby local politicians and influence public opinion. Not Oxford.
“I would say I’m very proud of the way we conducted ourselves,” Mr. Hutcheson says. “We went out and said, ‘If the city wants one, we’re here with a catcher’s mitt.’… We never weighed in on whether they should or shouldn’t, and all the way we never said anything I regret.”
Oxford’s proposal would have seen the Metro Toronto Convention Centre, which the company bought in 2011, turned into “Oxford Place” in one of the largest urban redevelopment projects in North America. It would have included retail, office and residential space, and a revamped convention centre. But city council ultimately decided against allowing a casino.
Oxford has shelved its plans to redevelop the site for the time being. “But we’re okay,” Mr. Hutcheson says. “The main thing I really cared about is I just wanted to make sure we conducted ourselves professionally; it was a sensitive issue.”
In some ways, Mr. Hutcheson was destined to run a real estate company. His first development project came at age 25, in his hometown of Huntsville, deep in the heart of Ontario’s cottage country. He built a courthouse that his family still owns and leases to the province.