Ontario government allots $25 million to the Toronto International Film Festival

The Ontario government has committed $25 million towards a permanent home for the Toronto International Film Festival. The project has the full support of Ontario Premier Dalton McGuinty. The $122-million Festival Centre was designed by Kuwabara Payne McKenna Blumberg Architects, and is part of a complex to be built in downtown Toronto’s Entertainment District at the corner of King and John Streets. The five-storey structure will house festival offices, library and archives as well as a 1,300-seat, five-screen multiplex. The podium-style building will be connected to Festival Tower, a new condominium development containing 400-500 residential units. Half the sales proceeds of the condos will go towards the construction costs of Festival Centre. The land for the project, which has been used as a parking lot since the late 1980s, was donated by Canadian film producer Ivan Reitman. His company, called the King & John Corp., will develop the project in a joint venture with The Daniels Corp. of Toronto, whose head, John Daniels, provided seed money for the festival back in 1975.