TO Live Capital Program - Priority Project Updates

This represents a total 10‑year investment of $169.994 million. Planning is underway at the Meridian Hall to enhance and modernize the overall patron experience. This includes Net Zero work and sprinkler system expansion being planned for concurrent delivery to minimize asset downtime and optimize resources use through a streamlined "touch it once" approach. Tendering for a construction manager is currently scheduled to occur in 2026 and construction to start in 2027. The George Weston Recital Hall at the Meridian Arts Centre is also being renovated to modernize the patron experience, including new finishes and seating, funded through donations raised by the TO Live Foundation, as well as upgrades to building electrical and lighting components delivered via the State of Good Repair (SOGR) stream projects. Design is complete and construction is currently being tendered, and is scheduled to occur during the latter half of 2026. State of Good Repair (SOGR) renovations at St. Lawrence Centre for the Arts are currently in the initiation phase. The project will be delivered in multiple phases and work packages. The current phase includes upgrades to theatre equipment for which a Request for Proposals (RFP) has been issued, and the project is expected to be delivered in 2026. Future phases will contemplate mechanical and electrical upgrades that will be in alignment with long-term decarbonization objectives. Corporate Real Estate Management continues to work collaboratively with TO Live under the framework outlined in CT17.3 - Update on Transition of TO Live Capital Program, and remains committed to providing regular updates to the Board of Directors of TO Live.