A Statement from the Mayor:
I want to clarify misinformation circulating about the current status of W2 Media Arts Society and its tenancy at the Woodwards complex.
W2 is an important hub for arts and media groups and community members in the Downtown Eastside. City Council remains supportive of W2’s overall vision and the City is committed to working with the W2 Board to facilitate a renewed business plan that will allow for more stable, long-term organizational sustainability.
Senior City staff have met regularly with W2’s board and executive director over the past year to convey concerns about financial management of the organization and worked with partners to bring in business consultants to help W2 review operations.
W2 has not been able to meet its obligations under its agreement with the City and the targets it set for itself in its original business plan. City staff continue to work with the W2 board so that a renewed and more sustainable operating model can be put in place.
The basic terms of any arrangement moving forward have to be transparent and aligned with all other non-profit partners at Woodwards. The City has asked W2’s governing Board to come forward with alternate proposals and we look forward to continued positive dialogue towards a long-term solution.