Mar 08, 2016
By Dave Woodard
Last year the loan payments ballooned to 4.5 Million dollars which is 10 per cent of the Conservatory’s annual budget.
CEO Peter Simon told the Toronto Star, the burden of the loan is taking away from what they could be doing with programming.
The Star quotes sources saying its likely Queen’s Park will offer relief to the Royal Conservatory of Music but will stop short of wiping out the loan entirely.