A 35,000 seat cricket stadium looks to be in the cards for the Greater Toronto Area, as the Canadian Premier League T20 has worked out financing for the project with Avcom Investments Inc. While the location has yet to be decided on, with a funding plan in place, the eventual site is going to be home to one spectacular looking facility, especially compared to current pitches around the city. The cost of the stadium has been pegged at $700 million.

"With this financing we can now move to the next phase of selecting a site and securing further investors for this ambitious project," said league chairman Roy Singh. The plan is to have the stadium built in "four to five" years, but based on the early rendering, it looks like it'll be worth the wait. The stadium will feature a natural grass field and a fixed roof that allows sunlight to reach the pitch.

The league is set to launch its inaugural season late next summer in a temporary stadium just outside the city (exact location also TBD). There's still a chance that the league will start in another city should it not secure a temporary location, but a final decision on where it will touchdown should come as soon as this August. That's big news for local cricket fans.