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Monthly Archives: December 2005
Dec-9-2005-Town Crier-$20-M makeover for Casa Loma raises questions
Charity’s operating expenses should be audited, says critic
The Kiwanis Club has operated Casa Loma on behalf of the city since 1937, but some residents and city officials are now expressing doubt over the charity’s ability to manage the well-known landmark.
The castle is one of the city’s top tourist attractions, pulling in $5.6 million last year. The expenses of running and maintaining the castle were $4.33 million. However, those expenses weren’t outlined in a recent city report.
That’s part of the problem, said Trelawny Howell, the great-grandniece of Sir Henry Pellatt, the man who originally built and owned the castle.
“It (Kiwanis) should be audited,” she said.
Last year, Casa Loma had a net revenue of $1.26 million, of which the city received 77 percent and the remaining 23 percent went to Kiwanis.
Because the castle has fallen into disrepair over the years, the city recently approved spending $20 million on its restoration, which is now half completed.
“Why
… Read the rest
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