Tag Archives
Co.As.It becomes highest bidder in Forum deadlock
Italian community centre Co.As.It has raised its bid for the purchase of the Italian Forum Cultural Centre. In an attempt to end a year-long deadlock between Leichhardt Council and the centre’s administrators SV Partners, Co.As.It announced they would raise their bid to $2.8 million, making them the highest bidder. Since the Cultural Centre went into […]
New bid to shake up Italian Forum sale
The controversial sale of the Italian Forum Cultural Centre may not go ahead after all, according to the centre’s administrators SV Partners. When previous owners Italian Forum Limited (IFL) went into voluntary receivership in late 2013, SV Partners was appointed to take over administration of the property. SV Partners has been in conflict with Leichhardt […]
The story behind the Italian Forum Cultural Centre deadlock
The ongoing tension surrounding the sale of the Italian Forum Cultural Centre is just the latest installment in a long history of debate over the centre’s proper use and ownership. In the story’s latest development, the Business Management Committee (BMC), which opposes Leichhardt Council’s proposal to sell the cultural centre to Italian language and community […]
Italian Forum Cultural Centre sale hits legal roadblock
Administrators SV Partners have secured an injunction against Leichhardt Council in a bid to prevent the sale of the Italian Forum Cultural Centre to Italian non-profit Co.As.It. Documents obtained by the Inner West Independent show SV Partners on behalf of Italian Forum Ltd successfully obtained the restraining orders from the Supreme Court of New South […]
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 […]
Battle to salvage Cultural Centre deal
EXCLUSIVE Leichhardt Council is fighting to save a deal that would see the Italian Forum Cultural Centre sold to Italian community group Co. As. It. and the facility permanently leased to the Actors Centre Australia. A council media release in January claiming “a future has been secured” for the insolvent cultural centre now appears to […]
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 […]
