Mayor John Tory has announced that they will be investing $250 million dollars to build a state of the art film, television and digital production hub in Toronto. 

The new Basin Media hub will be built on nearly 8 acres of land and approximately 500,000 sq/ft located near Lake Shore Boulevard East and Carlaw. 

Construction is expected to begin in 2023 and will include eight sound stages, office space, workshops and production support space, and public space along the waterfront.

This new project is expected to create over 1600 new jobs in the city.