UPDATED: Artscape crowdfunds for operational funding as receivership deadline shifts to October
Why It Matters
After failing to receive offers for its $22.5 development, Toronto Artscape is insolvent and in receivership. Hundreds in the arts community could lose access to premium spaces and sustainable industry support.
The embattled Toronto cultural organization Artscape has launched an online fundraiser to “continue operations” after it received a funding extension that will delay its receivership until October, as former workers say it is “unacceptable” for the non-profit to stop paying them.
Artscape announced last month that it would be placed into receivership after failing to secure bids for its newly built Daniels Launchpad development on the Toronto waterfront. The organization had hoped selling the $22.5 million project would all
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