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
After three decades of providing affordable living and studio space for artists in Toronto, Artscape set out to develop a new co-working and creative project called Launchpad. That’s when it all began to unravel
There’s plenty to do in Toronto this weekend including Royal Agricultural Winter Fair, Scarborough Art Guild fall show and sale, Reelworld film festival, Ecofair Toronto, Beaches Artisan Market
In a letter to tenants, COO Kelly Rintoul said that, subject to final negotiations, its management contracts and leases for sites not owned by Artscape would be excluded from the receivership process