At a time when stay music is making a comeback throughout the town after two years of COVID-19 restrictions, Toronto will scale back property taxes for eligible live performance venues completely, Mayor John Tory mentioned on Monday.
Tory mentioned metropolis council lowered property taxes for stay music venues in 2020 through the first 12 months of the pandemic to indicate help for the native music business. The town mentioned 48 venues in 2020 and 58 venues in 2021 obtained the profit, with a mean financial savings of $18,995.
The town has determined to make the tax break program everlasting, Tory mentioned.
The mayor, talking at a information convention on the Child G, a stay music venue and bar within the west finish, inspired residents to indicate their help by attending exhibits in Toronto. Tory mentioned venues throughout the town have been opening or reopening, together with well-known live performance halls and golf equipment similar to Massey Corridor and the El Mocambo and new massive areas similar to Historical past and new small areas similar to Café Pamenar.
“We have to individuals to get out t. and try this beginning now,” Tory mentioned.
“These venues are open now. They’ve bills now, they all the time have. And so they have musical acts on now. And so they want individuals to purchase the ., purchase the drinks and be supportive.”
Tory mentioned the town made the transfer to to stop stay music venues from going out of enterprise.
“The evaluation on a few of these buildings was going up excessive as a result of it was assumed they’d all be became condos, which we do not need, however that prompted the taxes to go up and that in flip made it virtually unimaginable for a music venue to exist,” he mentioned.
In keeping with the town, eligible stay music venues in Toronto have saved $1.7 million collectively per 12 months by means of the tax break.
Jeff Cohen, president and CEO of Lee’s Palace and the Horseshoe Tavern, mentioned he has saved $110,000 in property taxes a 12 months by means of the town’s tax break.
“That is unimaginable. It is the best factor that the Metropolis of Toronto has ever performed for stay music operators,” Cohen mentioned. “It is most likely stored us alive.”
Cohen mentioned the 2 venues are open six days every week now. His two venues have created 60 jobs.
Toronto’s stay music venues generate an financial influence of $850 million yearly, whereas offering the equal of 10,500 full-time jobs, the town mentioned in a information launch on Monday.
As well as, the discharge mentioned:
- The town’s music workplace’s Metropolis Corridor Reside sequence will return this summer time with Metropolis Corridor Reside After Darkish. This 12 months’s focus will embody stay music occasions occurring outdoors downtown to mirror the range of the town’s social tradition at night time.
- YYZ Reside, the town’s music workplace’s program with Toronto Pearson Airport that options stay music, is again this 12 months. Performances started on March 14 and can proceed by means of to Thursday, March 31.
JUNOs again in Toronto
On Could 15, Toronto will host the 2022 JUNO Awards, with JUNO week occasions going down from Could 9 to fifteen.
Allan Reid, president of the JUNO Awards, mentioned it is going to be the primary time of their historical past that they will be broadcast from an out of doors location — the Budweiser stage. Performers embody the Arkells, Avril Lavigne and Arcade Fireplace.
“It has been really 11 years for the reason that JUNOs have been formally again in Toronto,” Reid mentioned.
The present will likely be broadcast nationwide on Sunday, Could 15, at 8 p.m. ET/5 p.m. PT on CBC Music, CBC-TV, CBC Gem and CBC Radio One, and globally on CBCMusic.ca/junos.