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Monthly Archives: June 2011
CONTACT: Trelawny Howell, 416-927-9866 (email@example.com)www.CasaLomaTrust.ca
TORONTO- On June 14, 2011, The City of Toronto City Council approved a proposal which terminates the 75-year long management agreement with the Kiwanis Club of Casa Loma (KCCL).
The proposal passed without debate.
Under the terms of the proposal, The City will pay KCCL $1.750 million ($1.45 m for Casa Loma artifacts, plus $300,000 in management fees), and will also waive all lease arrears, in the amount of $3.20 million. (1)
Despite taking over responsibility for managing the Castle from KCCL, The City is still granting the charity a new license to KCCL to remain permanently at Casa Loma, but is charging no rent.
Mayor Rob Ford told reporters after the June 14 Council meeting, “I think Casa Loma is something we will eventually have to sell. That’s the bottom line.”
The June 14 decision is the final step in a series of council decisions to… Read the rest
Natalie Alcoba, National Post · Jun. 15, 2011 | Last Updated: Jun. 15, 2011 3:03 AM ET… Read the rest
The City of Toronto assumed control of Casa Loma on Tuesday, the inner-city castle that has been run for the last 74 years by a Kiwanis Club chapter, and embarked on a study of future options, which could include putting it on the market.
“I think Casa Loma is something that we eventually have to sell,” Mayor Rob Ford told reporters on Tuesday, after council passed a mutually agreedupon transfer of management to a city corporation without debate.
As part of the deal, the city is paying the Kiwanis Club of Casa Loma $1.45-million for artifacts accumulated over their years at the helm, and the value of nine trademarks including “Casa Loma” and “Toronto’s Majestic Castle.”
Despite pouring money into a $20-million facelift, Casa Loma is an out-of-date venue that has not had the money to adapt to a changing tourism industry and
The Globe and Mail
For Sale: Casa Loma
Recently renovated piece of Toronto history a good buy
From Wednesday’s Globe and Mail
Published Tuesday, Jun. 14, 2011 9:07PM EDT
Toronto Mayor Rob Ford wants to put Casa Loma, the city-owned mansion, on the block. “Casa Loma is something that I think eventually we have to sell. That’s the bottom line,” he said Tuesday.
It is difficult to put a price on this historical fixer upper, but could the city find a willing buyer for the prestige property? Here’s a look at what perspective buyers would get.
More related to this story
- Selling tourists on Toronto’s rich history: Remember the poached skate-wing craze?
- Spadina Museum, where everything old is new again
- Kiwanis Club gives up operation of Casa Loma
1 Austin Terrace
The back story
It’s been a century since local tycoon Sir Henry Pellatt broke ground on this sprawling five-acre
Kiwanis out at Casa Loma
By Karolyn Coorsh
June 7, 2011
Neighbourhoods: Casa Loma
It wasn’t exactly a fairytale ending for Toronto’s castle on the hill, but it was an ending, nonetheless.
On May 24, council’s executive committee voted to terminate a 74-year arrangement between the city-owned Casa Loma and its operators, The Kiwanis Club of Casa Loma.
The Forest Hill-area tourist attraction will now become wholly the city’s responsibility, falling under the jurisdiction of Economic Development and Culture. Over the course of the next 12–18 months, that department will determine the best governance structure for Casa Loma’s future.
Under the new transition agreement, the city is to pay Kiwanis $1.45 million for artefacts and trademarks owned by Kiwanis, including “Casa Loma” and “Toronto’s Majestic Castle.”
While the city will assume service contracts for continued operation of the castle, Kiwanis will hold weekly meetings and retain an administration office on site. Kiwanis is also to receive unpaid management fees … Read the rest