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Tvoli Theatre owners being sued by City
This thread is both culture, general, and maybe scandal.
YourHamiltonBiz.com reported today that HECFI is suing the Canadian Ballet Youth Ensemble (aka Hamilton Ballet Youth Ensemble) for not paying approx $50,000 for their performance of The Nutcracker in 2011. They allegedly "failed to pay all costs and expenses agreed to", pursuant to a rental agreement.
What is with this ongoing Tivoli Theatre nonsense? The narrative appears to be this:
The underlying Foundation, Hamilton Ballet Youth Ensemble, bought the heritage building, for $2.00
The Foundation got a grant for $20,000, to study the potential uses for the property.
The building was suitable but needed some stabilization and improvements, and the Foundation got another grant: $75,000.
A wall collapsed, and the City of Hamilton spent $300,000 to demolish that wall.
The roof needed work, so a interest-free loan was given by the City to fix it. Interest -free.
The Foundation is a charity, and apparently pays no property taxes.
So all in all, a $2.00 building and $400,000 in grants and expenditures has come from the taxpayer.
But wait, there's more.
The Foundation allegedly plans to transfer its major asset, the Tivoli Theatre building, to a property company owned by the husband of the Foundation's Director.
Now the Foundation is being sued for allegedly being dead-beats.
How could there not be a conflict of interest in that possible property transfer?
Why is this whole affair not being put under a microscope?
What say you?
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