Villa Charities Annual Report 2019 - Page 20

VILLA CHARITIES Campus Highlights Villa Charities made significant progress during 2019 on a multi-year project to enhance and renovate our facilities. The most visible improvements included building new studios for our dance, music and art programs, and enhancing our Athletic Club facilities. We also installed a new exterior digital sign on Lawrence Ave. to better promote the activities offered on our campus. Villa Charities initiated the project in 2018 to repair and replace aging facilities and infrastructure. An external consultant was engaged last year to assess the condition of all VCI properties and identify deficiencies and replacements required over the next decade. The consultants found that $20 million in spending will be required to address much-needed building repairs and maintenance. In 2019, VCI and its affiliates spent approximately $2.6 million to improve parking facilities, replace multiple heating, ventilation and air conditioning units, upgrade information technology systems, repair roofing and our electrical infrastructure, and upgrade other equipment. At the Columbus Centre, we launched a major initiative to optimize the use and enhance the quality of our facilities. The improvements reflect Villa Charities’ commitment to ensuring a sustainable and vibrant future, and to enriching the experiences for all involved. In parallel with these changes, Villa Charities is thrilled to welcome three organizations as new tenants in our newly upgraded facilities. All of them have a history with the Italian-Canadian community and offer programs and services that complement our offerings and add value to our campus. Two organizations relocated to the campus last fall: TLN Media Group’s corporate and multicultural media production headquarters; and the studios and faculty of the Academy of Realist Art, a private institution that teaches drawing and painting in the old master tradition. In 2020, we will welcome Leonardo Da Vinci Academy, a prestigious independent Montessori-centred school. “ The improvements reflect Villa Charities’ commitment to ensuring a sustainable and vibrant future.” 20 | Consolidated Annual Report 2019