Artscape announced in August that its primary lender TD Bank was taking steps to place the organization into receivership, at a time when the non-profit owed the bank more than $21-million
Court documents show the organization’s long-term debt reached $31.7-million by the end of 2022, and it ran a $3.7-million deficit from operations that year
Some couples who had planned to get married in Toronto are now heartbroken and scrambling to find new venues after a company well known in the events industry has gone into receivership.