The fate of a renowned Toronto organization that helped support local artists through housing opportunities and all types of programming is up in t...
The fate of a renowned Toronto organization that helped support local artists through housing opportunities and all types of programming is up in the air now that the non-profit has gone into receivership., which describes its work as"creative placemaking," broke the news on Monday in a business update that elucidated its current situation after 30 years in the community.
Staff then go on to explain the crux of the issue: that to reduce debt, the group was relying on the sale of one of its buildings, the Artscape Daniels Launchpad at 130 Queens Quay East. All of these spaces and programming is now being disrupted, as the Queens Quay site has unfortunately remained on the market for too long, prompting Artscape's main creditor to start the receivership process.
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