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←Toronto City Council · 2022-07-19 · 2022.MM47.67

The filed record

Protecting Music Venues Across Toronto - by Councillor Ana Bailão, seconded by Councillor Paula Fletcher

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The decision

2022-07-19 · Toronto City Council · adopted

As filed

City Council on July 19, 20, 21 and 22, 2022, adopted the following: 1. City Council direct the General Manager, Economic Development and Culture to work with the Executive Director, Corporate Finance, the City Solicitor and other relevant divisions to explore the feasibility of a capital loan guarantee program to support organizations in purchasing properties in order to preserve music venues in the City of Toronto.

The vote

Adopt Item · Carried, 22-2

For (22)Ana Bailão, Anthony Perruzza, Brad Bradford, Cynthia Lai, Frances Nunziata, Gary Crawford, Gord Perks, James Pasternak, Jennifer McKelvie, Joe Mihevc, John Filion, John Tory, Josh Matlow, Mark Grimes, Michael Thompson, Mike Colle, Mike Layton, Nick Mantas, Paul Ainslie, Paula Fletcher, Robin Buxton Potts, Shelley Carroll
Against (2)Denzil Minnan-Wong, Stephen Holyday
Absent (1)Jaye Robinson
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On the agenda

As the city filed it

In February 2022, City Council approved a loan guarantee to the iconic Hugh's Room Live music venue on an exceptional basis. This action recognized the vital importance of supporting live music venues such as this important establishment. The reality is that many music venues across the City are experiencing significant challenges with respect to long-term financial sustainability, and as a result, musicians are facing increasing difficulties in accessing establishments where their talents and work can be showcased and enjoyed by residents.

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The pandemic has only served to increase these pressures over the past two years, and though a recovery is advancing, it is important that every possible measure of support for live music venues be considered by the City. This Motion directs staff to undertake a broad review of all possible measures in exploring the establishment of a capital loan guarantee program to support the purchase of music venues in order to protect and secure this important part of our City's arts and culture ecosystem.

Staff recommended

Councillor Ana Bailão, seconded by Councillor Paula Fletcher, recommends that: 1. City Council direct the General Manager, Economic Development and Culture to work with the Executive Director, Corporate Finance, the City Solicitor and other relevant divisions to explore the feasibility of a capital loan guarantee program to support organizations in purchasing properties in order to preserve music venues in the City of Toronto.

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