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Film studio a go, city insists
Construction start planned as deadline looms
By ROB GRANATSTEIN, CITY HALL BUREAU
A film studio proposed for Toronto's waterfront will not be stuck in time like some fairy tale -- construction will actually start in weeks, the city is promising.
A year after announcing the massive Filmport development on the portlands, there is still no movement, despite an Aug. 31 deadline to start construction.
But Jeff Steiner, president of TEDCO, the city's economic development corporation, said construction financing is almost finished and shovels will be in the ground shortly after the deadline.
"Toronto still needs a huge sound-stage," Steiner said. "It still makes sense, despite the rising Canadian dollar. Construction will start in the next five weeks."
But the opening of the $45-million first phase of the studio has been delayed.
Lights, camera, action will not start by this winter as originally proposed, but likely in 2008.
A spokesman for FilmPort said there are still some details to work out but construction will start soon.