Tag Archives
The Italian stand-off
Six weeks after first announcing it had been “saved”, Leichhardt Council has signed off on a plan to sell the Italian Forum Cultural Centre to Co. As. It., an Italian community organisation, in a move that appears to defy the recommendation of the administrators, SV Partners. Under the $2.2 million deal, all creditors would be […]
Doubts linger after Italian Forum sale
EXCLUSIVE The future of the Italian Forum Cultural Centre has been plunged back into uncertainty after the leading bid collapsed and Leichhardt Council approved a sale to Italian cultural organisation Co. As. It. Council intends for Co. As. It. to share the facility with the Actors Centre Australia, which has already moved into the building […]
Forum must adapt to the times
OPINION The Italian Forum’s embattled cultural centre, for so long the unfortunate victim of disorder, spite, bureaucracy and a failure of imagination, will soon be under new management. Whether Tick Tock Services and its lessee, the Actors Centre Australia, can turn that tide around is at this point anyone’s guess. But it’s far from the […]
Childcare provider snaps up Forum
Creditors of the Italian Forum Limited (IFL) have agreed to sell the insolvent entity to childcare provider Tick Tock Services. IFL controls the Italian Forum’s cultural centre, including a state-of-the-art auditorium, rehearsal space and kitchen. As part of the resolution, the space will be leased to Actors Centre Australia (ACA), an acting school which boasts […]
Builder makes bid for Italian Forum
EXCLUSIVE The beleaguered Italian Forum Limited has received a takeover offer from its largest creditor, Novati Constructions, which built the first phase of the cultural centre. Novati has offered to pay all creditors, which amounts to $2.4 million, and would sign a 15-year lease for the Actors Centre Australia to occupy the space. The company […]
Three runners in race for Italian Forum
EXCLUSIVE A childcare provider, an Italian language association and the Actors Centre Australia (ACA) are vying to take over the Italian Forum Limited, it can be revealed. Tick Tock Services would use a childcare facility to help subsidise the cost of running the Italian Forum Cultural Centre, if successful in its bid. Along with ACA, […]
Administrators to decide future of Forum
A second meeting of creditors to the Italian Forum Limited (IFL) will be convened in coming days to navigate a path back to solvency for the embattled organisation, which entered voluntary administration on August 19. A minimum of $1.3 million is owed to secured creditors, while the Forum could be liable for a further $2.9 […]
Italian Forum fees not excessive: management
The president of the Italian Forum Limited, Ron Reynolds, has hit back at critics over management of the Forum’s cultural centre and expressed his confidence in Mayor Darcy Byrne’s commitment to the venue. In a comment on this newspaper’s website, Mr Reynolds denied the centre was charging exorbitant fees for the use of its facilities. […]
