In May 2015, the City of Toronto and Urbancorp breached their obligations under a contract with TMAC. We’re suing both parties for the right to purchase the arts space as agreed.

TMAC remains ready, willing and able to close. All we want is for the City of Toronto to deliver on the promises it made and allow us to complete the transaction. Nothing more, nothing less.

Despite its responsibility to protect this unique Section 37 benefit, the City has interfered and refused to act in the interest of the community for over 5 years — putting the security of vital media artists and nonprofits in jeopardy.