Privately-funded film studio in Sudbury will generate $60M in annual revenue: report
Out of the ashes of the controversial Kingsway Entertainment District, funding is already in place to build a new $40 million film studio on the same piece of land in Greater Sudbury.
A report headed to city council Dec. 13 said private investors have committed $17 million for the construction of the 116,000-square-foot Freshwater Production Studio on The Kingsway, pending municipal support.
“The developer has committed land valued at $2.4 million in addition to design and construction services,” the report said.
“The balance of financing is secured through a bank loan.”
Plans for the studio were publicized in August, when officials outlined their plans to the previous city council.
The direction at the time was for staff to return with a report outlining what other cities have offered film studios, and what role Greater Sudbury could play.
Ontario's film and TV industry contributed a record $2.88 billion to Ontario's economy in 2021, creating 48,135 high-value full-time equivalent direct and spin-off jobs.
“This represents an increase of 92 per cent over the previous year,” the report said, adding that a recovery from COVID-19 is at least partially responsible for the spike in activity.
“Prior to the pandemic there was a steady increase in production impact with $2.16 billion in direct spending in 2019 creating 44,540 jobs.”
Greater Sudbury has become a major production centre, with the city attracting 165 film and TV projects in the last 10 years, with a total local direct impact of more than $216 million.
Options for the city to support the project include under community improvement plans, which offer tax rebates once the project is completed.
The city could also share in the cost of road improvements in the area that will be required to access the site, as well as reduction in development charges.
The studio is looking for the equivalent of $7 million of support from the city through a combination of programs.
Read the full report here.
CTVNews.ca Top Stories
Trudeau to present health-care offer to premiers in long-awaited meeting for new deal
Canada's health care system is not working as well as it should and that has to change, Prime Minister Justin Trudeau said Tuesday as he prepared to meet the premiers to work on a new health-care funding deal.
Canadians now expect to need $1.7M in order to retire: BMO survey
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
Quake deaths pass 5,000 as Turkiye, Syria seek survivors
Search teams and emergency aid from around the world poured into Turkiye and Syria on Tuesday as rescuers working in freezing temperatures dug, sometimes with their bare hands, through the remains of buildings flattened by a magnitude 7.8 earthquake. The death toll soared above 5,000 and was still expected to rise.
Why wasn't the suspected Chinese spy balloon shot down over Canada?
Critics say the U.S. and Canada had ample time to shoot down a suspected Chinese spy balloon as it drifted across North America. The alleged surveillance device initially approached North America near Alaska's Aleutian Islands on Jan 28. According to officials, it crossed into Canadian airspace on Jan. 30, travelling above the Northwest Territories, Alberta and Saskatchewan before re-entering the U.S. on Jan 31.
U.K. police officer, exposed as serial rapist, jailed for life
A former London police officer was sentenced Tuesday to life in prison with a minimum term of 30 years for raping and sexually assaulting a dozen women over a 17-year period.
Exoplanet 31 light years away could be habitable: astronomers
Astronomers have discovered a rocky exoplanet about a few dozen light years away from Earth with conditions that could make it habitable.
Nova Scotia man finds possible historic Killick anchor on beach
John Benoit of West Jeddore, N.S., says he has been beachcombing for over 50 years, but his most recent discovery -- a Killick anchor -- is by far his most memorable.
Quebec minister 'surprised' asylum seekers given free bus tickets from New York City
Quebec's immigration minister says she was 'surprised' to learn the City of New York is helping to provide free bus tickets to migrants heading north to claim asylum in Canada.
Thieves cut huge hole in Ottawa restaurant wall to get at jewelry store next door
An Ottawa restaurateur says he was shocked to find his restaurant broken into and even more surprised to discover a giant hole in the wall that led to the neighbouring jewelry store.
Barrie
-
Female Barrie officer stabbed in face during crisis call
A 20-year-old female has been arrested for attempted murder after allegedly stabbing a Barrie police officer late Sunday night.
-
Clarksburg senior charged with child pornography offences
After a three-month-long investigation, a 69-year-old man was arrested on Feb. 2.
-
Freezing rain warning for central Ontario
Environment Canada expects to see freezing rain early this morning.
Toronto
-
BREAKING
BREAKING | 'We are desperate': Family of slain Toronto tech CEO announces $250,000 reward in unsolved murder case
Nearly five years after Matthew Staikos was gunned down in Toronto, the family of the tech CEO has announced a $250,000 reward in the unsolved murder case.
-
Video emerges of moments before former child actor was fatally run down on the Danforth
Surveillance video of the moments before a former child actor was run down by a vehicle on the Danforth has been obtained by CTV News Toronto as police search for the driver.
-
Man arrested after 2 TTC riders sexually assaulted on Bloor-Danforth Line
A 56-year-old man has been arrested after allegedly committing two sexual assaults on the TTC’s Line 2, police said Tuesday.
Ottawa
-
Thieves cut huge hole in Ottawa restaurant wall to get at jewelry store next door
An Ottawa restaurateur says he was shocked to find his restaurant broken into and even more surprised to discover a giant hole in the wall that led to the neighbouring jewelry store.
-
EXCLUSIVE
EXCLUSIVE | Homeowners left with unfinished projects after Ottawa construction company suddenly closes
Homeowners and employees have been left reeling after an Orléans construction company suddenly closed its doors, walking away from half-built houses and projects worth hundreds of thousands of dollars.
-
Stittsville family recounts barefoot escape from devastating fire
An Ottawa family fled a fire in their home Saturday barefoot and in their pyjamas, suffering frostbite in the bitter cold. They're now waiting for it to be safe to return and assess the damage.
Kitchener
-
Google layoffs impact Waterloo region employees
Google says on Monday notifications were sent to employees affected by the recently announced job cuts.
-
48-year-old woman dies after Wellington County crash
Ontario Provincial Police (OPP) in Wellington County are investigating a fatal two-vehicle collision in the Township of Wellington North.
-
Man arrested for death threats against Kitchener, Ont. Liberal MP
A 44-year-old Woolwich, Ont., man has been arrested for allegedly making death threats against a member of parliament.
London
-
Fatal fire under investigation on Dundas Street
London police officers and fire officials are investigating after a fatal fire in the east end of the city Monday afternoon.
-
Multi-vehicle crash snaps hydro pole and cuts power
The public is asked to avoid a section of Highbury Avenue after a vehicle collision downed powerlines in the area.
-
London’s housing crisis demands 47,000 new homes — 40 per cent are approved but still unbuilt
An aggressive plan to address London, Ont.’s housing crisis has been unveiled by city hall, but meeting the construction targets will require doing things differently.
Windsor
-
Fatal crash in Kingsville claims two lives, injures third
Two people have died in a serious single-vehicle crash in Kingsville, a third person was injured and transported to hospital with non-life-threatening injuries.
-
Essex-Windsor EMS vote in favour of strike
The union representing Essex-Windsor EMS says paramedics have voted 100 per cent in favour of strike action.
-
Two women charged with Walmart theft: CKPS
Chatham-Kent police have charged two women with theft from a local Walmart.
Montreal
-
Boy, 16, fatally struck in Laval parking lot by snow loader
A 16-year-old boy has died after being struck by a snow clearing truck in the parking lot of Les Galeries Laval shopping mall on Monday night.
-
Montreal receives record number of pothole claims in 2022
The City of Montreal logged a record number of pothole claims in 2022 as the city continues to spend in the millions to patch over as many as it can.
-
Iranian prisoner sponsored by Quebec MNA released
The Iranian prisoner sponsored by Quebec MNA Ruba Ghazal has been released, it was learned Monday. Bita Haghani, a young blogger arrested in October, had been sentenced to 18 years in prison.
Atlantic
-
Hundreds of Maritimers still dealing with burst pipes, power outages following record-low temperatures
Hundreds of Nova Scotians are still without power on Monday following frigid temperatures and high winds over the weekend.
-
Two people charged after 1.6 kg of fentanyl, 200 grams of cocaine seized from P.E.I. home
A man and a woman from Cornwall, P.E.I., have been charged with drug trafficking and firearm offences after drugs and guns were seized from a home in the town.
-
'Bloody money and drugs': Former Halifax med student testifies at his murder trial
A former medical student accused of fatally shooting another student during a drug deal says he fired his gun in self-defence after a struggle in his Halifax apartment, saying he didn't call police because he was terrified he would face charges.
Winnipeg
-
'Absolute cash grab': Winnipeg residents upset with construction zone speed trap
The province is building an interchange at St Mary's Road and the South Perimeter to help traffic flow better, but some drivers who live in the area aren't happy with how speed limits are being enforced in a portion of this construction zone.
-
Man sentenced following 'savage' attack on Winnipeg bus
A 45-year-old man was sentenced for an attack on a Winnipeg Transit bus described in court as “savage, sadistic and shocking.”
-
Canadians now expect to need $1.7M in order to retire: BMO survey
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
Calgary
-
Smith joins premiers in Ottawa to talk to Trudeau about health care, just transition
Canada's premiers are in Ottawa to meet with the prime minister over access to more health care funding. But that's not all Alberta Premier Danielle Smith has on her mind.
-
'Buildings are broken': Calgary man in Turkiye describes disaster scene post-earthquake
Calgarians at home and abroad are reeling in the wake of a massive earthquake that struck a war-torn region near the border of Turkiye and Syria.
-
New details emerge ahead of Trudeau-premiers' health-care meeting
As preparations are underway for the anticipated health-care 'working meeting' between Prime Minister Justin Trudeau and Canada's premiers on Tuesday, new details are emerging about how the much-anticipated federal-provincial gathering will unfold.
Edmonton
-
Trudeau to present health-care offer to premiers in long-awaited meeting for new deal
Canada's health care system is not working as well as it should and that has to change, Prime Minister Justin Trudeau said Tuesday as he prepared to meet the premiers to work on a new health-care funding deal.
-
Quake deaths pass 5,000 as Turkiye, Syria seek survivors
Search teams and emergency aid from around the world poured into Turkiye and Syria on Tuesday as rescuers working in freezing temperatures dug, sometimes with their bare hands, through the remains of buildings flattened by a magnitude 7.8 earthquake. The death toll soared above 5,000 and was still expected to rise.
-
N.W.T to complete curriculum transition by 2028, a 'sad commentary' for Alberta
After using Alberta's education curriculum since the 1950s, the Northwest Territories has outlined the timeline it will use to pivot toward British Columbia's program of studies.
Vancouver
-
'A largely absent resource': Those who call on Vancouver's police-based mental health team hope funding boost will improve service
There’s so much demand for Vancouver’s mental health emergency teams that people can be left waiting days, and sometimes teams never make it to requests for service at all. It’s hoped a funding boost to hire more staff will increase capacity of the service.
-
Dog named Kujo likely to 'kill or injure,' B.C. court rules in euthanasia decision
A dog named Kujo will be euthanized after a B.C. judge determined the animal is "likely to kill or injure" if released from the pound.
-
B.C. premier keeping an 'open mind' on eve of historic health summit in Ottawa
For more than two years, Canada’s premiers have been asking for a meeting with Prime Minister Justin Trudeau to discuss a new healthcare funding model – and on Tuesday the group will finally get two hours of face time in Ottawa.