Fast track rezoning to turn farmland into a film studio goes bust
A developer who received fast-tracked rezoning from Ontario’s government to build a multimillion-dollar film studio in Markham is fighting a lender’s attempts to obtain a court-ordered sale of its assets after it defaulted on a $30-million loan.
The battle is over 99 acres of former farmland on the urban fringe of the Toronto-area suburb. The case highlights the risks that can accompany lightning-quick approval of major land deals using Ontario’s ministerial zoning orders (MZO).
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