An international esports company announced their plans to build a new arena and hotel complex in downtown Toronto on Monday morning. The new Toronto arena would seat 7,000 people and would be primarily used for entertainment acts, but it would also host live esport matches. Editor's Choice: Condos For Sale In Toronto's Luxury Hotels Are As Cheap As $369K Right Now The project was announced by Populous, a global design firm, and OverActive Media (OAM), a company that owns two Toronto esports teams — a pro Overwatch team and a pro Call of Duty team. Upload credit : Populous The arena is projected to be completed in 2025 and would host over 200 events a year — ranging from music performances to award shows to esports games. Upload credit : Populous The project is expected to cost $550 million and will be privately financed, and OAM's investors include Maple Leafs star Mitch Marner and The Weeknd. Upload credit : Populous It will be located on four acres on the north side of Lake Shore Boulevard, and the companies behind the project say it'll be the first new entertainment or sports venue in Toronto since BMO Field in 2007. Upload credit : PopulousMitch Marner and The Weeknd are both invested in the project.
New Toronto Arena Would Seat 7,000 & Be Used For Esports (PHOTOS) - Narcity