Mississauga Council has endorsed a new vision for the future of the city’s downtown core.

The vision re-imagines 12 acres of city‑owned land next to City Hall, creating what it calls, “a vibrant, new downtown area that will spur economic growth and become a destination for residents and visitors alike.”

Anchoring the vision is a 500,000-square-foot convention centre and 400-room hotel with as many as 3,000 underground parking spaces. A new music hub is planned to include a 5,000-seat performance venue, recording studios, and a music school.

The plan also features a 9-storey office building and 20-storey purpose-built rental development, a mix of open spaces, including a signature Sky Park, and a redesigned and widened Princess Royal Drive with “atrium style” open space.

The vision is part of Mississauga’s ongoing efforts to transform the downtown core from its suburban origins into a dynamic, walkable, urban centre supported by light-rail transit.

“As a vibrant and growing city Mississauga is prepared to take a step forward,” said Mayor Carolyn Parrish. “Municipally owned lands in our city centre should be optimized to enhance job-creation, re-invigorate our creative industries, attract more tourist spending, and place our city firmly on the map for international conventions. Bold vision has grown our city. Bold vision will propel us even further ahead.”

The redevelopment site includes the Living Arts Centre (LAC) and four other parcels of City-owned land that are currently used as parking lots and underutilized space. While the LAC remains a cornerstone of Mississauga’s cultural infrastructure, the building is outdated and requires significant investment to make it viable to meet the needs of a modern city.

In total, these lands provide a rare opportunity to revitalize almost 12 acres of the city’s downtown through a comprehensive planning approach.

The redevelopment is expected to further increase accommodation demand in the downtown, generating up to $2 million annually in additional tax revenues. The project is also expected to create 28,000 job-years in construction trades, engineering and professional services as well as indirect local employment, and $4 billion in total economic output.

“The vision for this redevelopment marks a bold and exciting step forward for Mississauga’s downtown that will drive economic growth for our city as a whole,” said City Manager Geoff Wright. “By revitalizing city-owned lands in a comprehensive way, we’re creating new opportunities for tourism, employment, housing and creative industry growth. 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.”

City staff will provide an update on the project in June.