"Since its inception in 1978, the Canadian Music Hall of Fame has honoured individuals and groups who have made an outstanding contribution toward the greater international recognition of Canadian artists and music," said CARAS President & CEO Melanie Berry. "Now, together with the National Music Centre, we will work towards creating bricks-and-mortar locations to gather and exhibit important memorabilia that tell the stories of inductees and our collective musical heritage. It's very exciting."

The National Music Centre is a 110,000 sq. ft. facility to be built on and around the King Edward Hotel, a vital repository of musical memory in East Village. The NMC will “give Canada a place that amplifies the love, the sharing and the understanding of music through collections, programs, performance and collaboration,” according to President and CEO Andrew Mosker. The permit review process could take anywhere from three to 12 months.