Published Oct 16, 2020Some potential good news for the future of Canada's film industry: Toronto is currently looking into offers to turn a piece of land on the city's waterfront into an enormous 500,000-square-foot film studio.
According to The Hollywood Reporter, the city is working with a real estate broker to develop the Basin Media Hub. The property will be offered to a studio developer under a long-term lease, and should the proposal be approved, it will be designed, financed, constructed and opened within three years.
"This new hub will not only increase capacity in the sector and help create new employment opportunities but will further enhance the city's ability to attract and retain production investment from around the world," Major John Tory said in a statement.
The film studio is expected to match the scale of Pinewood Toronto Studios and Cinespace Marine Terminal Studio. The new space will take up 8.9 acres of land on the waterfront.
As shooting ramps up again, the City of Toronto has also been allowing long-term film shoots to take place inside the Enercare Centre.