The filed record
Basin Street Media Hub - Update
The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.
The decision
2021-10-12 · CreateTO · amended
As filed
The Board of Directors of CreateTO: 1. Recommended that: a. City Council approve the term sheet in substantially the form attached as Confidential Attachment 2 to the report (September 30, 2021) from the Executive Vice President, Strategic Development, CreateTO to the Toronto Port Lands Company Board of Directors. b. City Council authorize Toronto Port Lands Company to execute the term sheet in substantially the form attached as Confidential Attachment 2 to the report (September 30, 2021) from the Executive Vice President, Strategic Development, CreateTO to the Toronto Port Lands Company Board of Directors, and any lease resulting therefrom, provided that such lease is approved by or conditional upon approval by the CreateTO Board of Directors.
Show the rest of As filed, 683 more characters as filed
c. City Council direct that Confidential Attachments 1 and 2 to the report (September 30, 2021) from the Executive Vice President, Strategic Development, CreateTO remain confidential in their entirety as they are about a pending disposition of land by the Board of Directors of Toronto Port Lands Company and about a position, plan or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of Toronto Port Lands Company. 2. Extended appreciation to the Chief Executive Officer, CreateTO, and the Executive Vice President, Strategic Development, CreateTO for their work on leading this project on the Basin Street Media Hub.
On the agenda
As the city filed it
The Basin Media Hub is a development proposal being advanced by CreateTO on behalf of Toronto Port Lands Company (TPLC), for a purpose-built and state-of-the-art film, television, and digital media complex in the Film Studio District of the Port Lands. This development will significantly contribute to ongoing growth of Toronto's screen-based industries and represent a major step forward in the revitalization of the Port Lands.
Show the rest of As the city filed it, 482 more characters as filed
At its meeting on October 12, 2021, the TPLC Board of Directors will be considering a term sheet (the "Term Sheet") which Management has negotiated with the preferred proponent. The purpose of this report is to advise the Board that, subject to the decision of the TPLC Board of Directors, the Chief Executive Officer will provide a further report to the October 12, 2021 CreateTO meeting with additional information, and a recommendation to City Council on the proposed term sheet.
Staff recommended
The Chief Executive Officer, CreateTO recommends that: 1. The Board receive this report for information.