The Port Lands might get a hockey arena, but it won't be on the site of the Hearn Generating Station. PortsToronto announced today that it will dedicate 75,000 square feet of space at the foot of Cherry Street for the construction of two-pad indoor arena.

No developer has been tapped to build the sports complex as of yet, but PortsToronto hopes to have the structure built in three years. This is by no means a certainty given that the property is federally owned, but a site plan application is already in the works in the hopes of avoiding red tape along the way.

There's been talk of an arena in the Port Lands for some time, but this is this latest proposal avoids the pitfalls associated with redeveloping the Hearn site, which is fraught with complications. A number of things still need to fall into place, but sometime in the next five years, Cherry Street should boast a shiny new arena.