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June 11, 2006

The public will, part 2: The historical preservation of the Revue Theatre is in the public interest.

Filed under: The Revue Cinema — NorthRonces @ 7:28 am

Despite the good will generated by the McQuillans’ commitment to keeping the Revue as a cinema, it must be made clear that they continue to be against the designation of the theatre as historically significant because of the implications that designation may have on the building’s future property value. Indeed, it appears that the owners will actively oppose designation on June 22nd when the Toronto Preservation Board presents its case to City Council and the general public is also allowed to make deputations on the matter.

And this should not be surprising, given that designation is not really in their interests as landlords of the building. As landlords who may one day wish to sell, they would naturally be against anything that decreases the possible market value of the building because it limits the flexibility of any future development. NorthRonces.com’s, however, is more concerned with the public interest and asks the following question: “Does historical designation benefit the community’s desire to maintain the Revue theatre as a neighbourhood cinema?” (next page…)

2 Comments »

  1. The McQuillans used the Globe & Mail article, “Heritage Homes A Hard Sell”, on behalf of their opposition to listing/designation.

    Here’s what Catherine Nasmith has to say regarding said article in her e-newsletter Built Heritage News #84 (June 12 2006)…

    Editor’s Note: This article upset a lot of heritage activists, but a careful reading will reveal that the reporting is accurate, the issue is the misinformation being spread by the real estate agent involved…unfortunately such myths are rampant in the real estate world. The Globe and Mail Real Estate section has been, and continues to be, a great friend to heritage preservation in Toronto. In this case the article was in response to a request from BHN to publicize the availability of these two very interesting properties. Instead of taking advantage of the opportunity, the real estate agent for 171 Old Forest Hill succeeded in turning an opportunity into an obstacle. I understand there is a new agent at work now.

    Perhaps the McQuillans ought to keep that in mind…

    Comment by Adam Sobolak — June 12, 2006 @ 6:59 pm

  2. Hi Adam,

    Thank you for the contribution. Your comment supports the position that heritage designation can actually be used as a selling point; an actual benefit to the property owner—as well as the community. At the Save the Revue meeting it was mentioned that housing prices are strong in Cabbagetown, at least in part, because it is a part of a Heritage Conservation District. The situations are not identical, of course, but I am sure that home owners in the North Ronces area understand that having a neighborhood cinema is a boon to their quality of life—not to mention their “cultural capital.”

    NorthRonces

    Comment by NorthRonces — June 12, 2006 @ 7:12 pm

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