Provincial Secretary William John Hanna forced the closure of Central Prison in 1915, and all its buildings were demolished except for the paint shop and chapel.

[2] Industry continued to flourish during the early 20th century due to the area's excellent railway access and many spur lines, as well as a plentiful labour supply from nearby Parkdale.

New companies included Brunswick-Balke-Collender (manufacturer of billiard tables and bowling alleys), Irwin Toy, Canada Metal, Simmons Bedding, Hinde and Dauch Paper, and Sunbeam Incandescent Lamp (later Canadian General Electric).

[5] Over the years, Liberty Village has undergone significant growth, with the addition of new condominiums, lofts, office spaces, as well as the development of a new park and a variety of shops and restaurants.

It has become a trendy neighbourhood for young professionals and artists pushing farther west for less established areas, while still remaining a short walk or streetcar ride from the core.

Structures from the old Inglis Factory and the former Massey Ferguson Head Office surround the heart of Liberty Village, further testifying to the industrial history of the neighbourhood.

It has a Facebook Group with more than 14 000 members and an 84.1% participation rate, making it the virtual speakers corner and central information distribution source for the area.

It has attracted significant sponsorship to provide connectivity for the community through events, outreach, and collective responses to neighbourhood and infrastructure issues (transit, daycare, safety).

[6] Toronto Life described Liberty Village as a neighbourhood which has "morphed from an industrial dead zone into an enclave of concrete, glass and brick in just a few years.

Concerns were expressed about traffic congestion, the inadequacy and overcrowding of public transit, and the need to increase the diversity of the type of retail and social activities within Liberty Village.

At the southern end of Liberty Village there is access to Exhibition GO Station, served by commuter trains on GO Transit's Lakeshore West line.

The film was released in 2006 (before much of the current development was completed) and features interviews with longtime Liberty Village residents Corky Laing (who provided music for the soundtrack via his band Cork), Taffi Rosen photographer/videographer, as well as other artists, business owners and workers in the area.