from today's Star....looks like renovations to the Sony Centre can now go forward as well.....
Sony Centre finally ready to renovate
October 09, 2009
Martin Knelman
After a year's delay, the Sony Centre is finally set to begin its $28 million restoration and renovation project.
The city-owned theatre's complex deal with Castlepoint Realty Partners for a condo tower on the site closed late Thursday. "Until now, we had plans," says Dan Brambilla, CEO of the Sony. "Now we also have $28 million to execute those plans."
The Sony – which opened in 1960 at Front and Yonge Sts. as the O'Keefe Centre and became the Hummingbird Centre in the 1990s before Sony got involved – will reopen in fall 2010, Brambilla says.
But Castlepoint's 49-storey condo tower, slated to be built on the centre's east side, will not be ready until late 2011.
The agreement ensures that the theatre can operate without interference and noise, despite construction throughout 2011.
Canada's largest theatre of its kind has been closed since June 2008. At that time, the renovation was expected to start a few months later, with a reopening target date of late 2009.
But the recession and the credit crunch meant the tower was stalled, and a planned but unfunded Arts and Heritage Awareness centre in the base – along with a distinctive "L" shape – was scrapped in favour of a public plaza last year. The Sony could not move forward with its project until it had a signed deal and a cheque from its development partner.
Among the improvements planned: new lobbies, new washrooms, upgraded seats and floor, and improved mechanical facilities.
The original marquee canopy will be restored, and York Wilson's lobby mural The Seven Lively Arts will be showcased. Wood, brass and marble details will be restored.
Brambilla is planning to add a fountain plaza – in effect, a public park.
"It's one of the most complex deals Toronto has ever had," says Brambilla, clearly pleased to have defied predictions that the shovel would never go into the ground.