High Hopes, Big Subsidies For Toronto Rings

“Toronto’s stage adaptation of The Lord of the Rings will not only transform the entire inside of the Princess of Wales Theatre into Middle-Earth, but it is being billed as the city’s biggest hope to restore its theatre and tourism industries to their pre-SARS financial health… In addition to the $3-million Ontario government loan, the trade and travel group Tourism Toronto is committed to provide $3-million in marketing support. And although [the play’s lead producer] said the production will have ‘no problem’ raising the rest of the money needed, he is campaigning hard for a $3-million loan from the federal government, which he described as crucial for financing a production of this size.”