The Toronto Film Festival Group is inching closer to settling down in a permanent home with the announcement Friday that the Ontario government is kicking in $25 million to help build the Festival Center.
Coin brings the total raised to $69.7 million. Budget for the project is $196 million.
Festival Group CEO and director Piers Handling, who is increasingly passing the festival reins to co-director Noah Cowan and turning his attention to fund-raising, hopes the federal government will match the donation.
Festival Center is skedded to open in 2008.