in 2007). This makes tourism an important branch of the local economy, although time spent in the city by individual tourists or the number of hotels, which can serve them, are still not considered satisfactory. Major investments in renovation of the city's monuments, building new hotels (including high-standard ones), improvement in promotion, as well as launching new cultural and scientific events and facilities, give very good prospects for Toruń's tourism. In recent years Toruń has been a site of intense building construction investments, mainly residential and in its transportation network. The latter has been possible partly due to the use of European Union funds assigned for new member states. Toruń city county generates by far the highest number of new dwellings built each year among all Kuyavian-Pomeranian counties, both relative to its population as well as in absolute values. It has led to almost complete rebuilding of some districts. , many major constructions are either under development or are to be launched soon - the value of some of them exceeding 100 million euros. They include a new speedway stadium, major shopping and entertainment centres, a commercial complex popularly called a "New Centre of Toruń", a music theater, a centre of contemporary art, hotels, office buildings, facilities for the Nicolaus Copernicus University, roads and tram routes, sewage and fresh water delivery systems, residential projects, the possibility of a new bridge over the Vistula, and more. Construction of the A1 motorway and the BiT City fast metropolitan railway also directly affects the city. About 25,000 local firms are registered in Toruń. Culture Toruń has two drama theatres (Teatr im. Wilama Horzycy with three stages and Teatr Wiczy), two children's theatres (Baj Pomorski and Zaczarowany Świat), two music theatres (Mała Rewia, Studencki Teatr Tańca), and numerous other theatre groups. The city hosts, among others events, the international theatre festival, "Kontakt", annually in May. A building called Baj Pomorski has recently been completely reconstructed. It is now one of the most modern cultural facilities in the city, with its front elevation in the shape of a gigantic chest of drawers. It is located at the south-east edge of the Old Town. Toruń has two cinemas including a Cinema City, which has over 2,000 seats. Over ten major museums document the history of Toruń and the region. Among others, the "House of Kopernik" and the accompanying museum commemorate Nicolaus Copernicus and his revolutionary work,