Roncesvalles

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Good news!

Toronto’s Revue Cinema reaches new lease agreement after tensions with landlords threatened closure

The news comes after a tumultuous summer for the Revue, when the building owners announced they wanted to take over the business from the cinema’s board

www.theglobeandmail.com

Key points from the article:

- New 5-year lease

- Rent increased from $10,000 per month to $15,000 per month (this is quite reasonable in light of 1.3M in annual revenues for the Cinema.)

- Revue (the film society) will donate ad time to St. Joe's Hospital (on screen etc.) worth $62,000 and host one annual fundraising event for the hospital. (requested by the building owners)

- Work to restore the original heritage facade should begin by the end of 2024.

- Former Mayor John Tory was key to mediating a deal w/between the building owner and the film society running the Revue.