The Ontario Legislative Building is a structure in central Toronto, Ontario that houses the Legislative Assembly of Ontario, as well as the viceregal suite of the Lieutenant Governor of Ontario and offices for members of the provincial parliament (MPPs). The building is surrounded by Queen's Park, sitting on that part south of Wellesley Street, which is the former site of King's College (later the University of Toronto), and which is leased from the university by the provincial Crown for a "peppercorn" payment of CAD$1 per annum on a 999 year term.