The City of Mississauga has endorsed a vision to reimagine 12 acres of land next to City Hall. The redevelopment would transform the downtown core with new cultural venues, tourism attractions, housing and office space. Staff will now develop a project plan and report back with an update in June 2026.

The concept features a convention centre, a 400-room hotel with 1,500 to 3,000 underground parking spaces, and a music hub with a performance venue, recording studios and a music school. It also includes a nine-storey office building and a 20-storey purpose-built rental tower with atrium-style retail along a redesigned Princess Royal Drive. A mix of new public spaces, including an elevated Sky Park, will connect to the downtown core.

“By revitalizing City-owned lands in a comprehensive way, we’re creating new opportunities for tourism, employment, housing and creative industry growth,” said – Geoff Wright, city manager and chief administrative officer. “This is a once‑in‑a‑generation opportunity, and we look forward to working closely with our residents, businesses and partners to bring this transformative vision to life.”

The entire site includes four parcels of land that are currently used as parking lots and underused, passive open space, as well as the Living Arts Centre (LAC). The LAC remains a key cultural facility, but the aging building requires significant investment to meet the needs of a modern city.

Once the area is developed it will offer a connection to downtown green spaces including  a new urban park and the revamped Zonta Meadows Park. The entire project is expected to generate $4 billion in total economic output.