In 1973, William Hodgson, an Etobicoke resident, reportedly saved the Old Mill from demolition to make way for a new residential development. William Hodgson closed the building for massive renovations. New sections were added, a Wedding Chapel was built, rooms were restored and newly decorated. In 1986 the Old Mill was once again under construction in response to the popularity attributed to the boom years of the 1980’s. An entire new wing of Banquet Rooms was added. The Old Mill had grown to a 16 room function facility nestled on the banks of the Humber River.