New $700 million cricket stadium may be coming to the Greater Toronto Area

The Greater Toronto Area may be getting a new $700 million cricket stadium.

The Greater Toronto Area may be getting a new cricket stadium, Global News reports. 

The Canadian Premier League T20, an upstart professional cricket league, announced on Tuesday that they have secured $700 million to finance a 35,000-seat stadium.

According to Global News, the stadium would be the first built specifically for cricket with a "natural grass field and a fixed roof." The goal is for it to be available for use year-round and for it to host international matches.

Roy Singh, the CEO and chairman of the Canadian Premier League T20, heralded the news of the stadium's financing. From Global News:

“This is an exciting step forward for our organization,” said Singh, in a press release. “With this financing we can now move to the next phase of selecting a site and securing further investors for this ambitious project.”

The location for venue has not yet been decided, but the league is currently exploring Brampton, Markham and Milton.

In 2012, Cricket Canada pitched the idea of building a 10,000-seat stadium on the Toronto Islands, but the idea was rejected.

- Sarah Barshop