Toronto to Build $250 Million Studio Complex, Marking Biggest Production Industry Investment in Two Decades

  • 📰 Variety
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Hackman Capital Partners (HCP) and its affiliate the MBS Group have won the request to build a major new $250 million studio complex in Toronto, a project that marks the most significant investment…

Hackman Capital Partners and its affiliate the MBS Group have won the request to build a major new $250 million studio complex in

She emphasized that the new hub is not merely an addition of new buildings, but will come with work experience and training opportunities “for a diverse range of careers in the media production industry, with a particular focus on people in equity deserving groups.” The HCP-MBS proposal was approved by CreateTO, Toronto’s real estate agency, last month and city council last week, before city mayor John Tory announced the finalization of the partnership on Tuesday.

Steven Trumper, CEO of CreateTo, explained that they had gone through a multi-stage offering process to select the HCP-MBS proposal, which he called a “tremendous opportunity for the city” and “an exciting addition to Toronto’s east end.”Home to more than 2.9 million people, Toronto is the fourth largest city in North America.

To support that growth, the city’s film office will be hiring additional film permit coordinators and sector development staff to expand services as production volumes grow. New film permitting fees will also be introduced next year to help pay for those roles and other initiatives.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in US

United States United States Latest News, United States United States Headlines