The audit committee of city council is recommending that the entire board of directors of another city agency be turfed.
This time the committee has its sights on the 13-member board of the Sony Centre for the Performing Arts at Yonge St. and Front St. downtown. It recommends council install an interim board made up of 3 city councillors and 3 senior managers at city hall.
This has to do with the ballooning costs of renovation work at Sony Centre. The original tab was $28.5-million, but that has swelled to more than $40-million.
It was supposed to be financed through the sale of development rights to a 57-storey condo tower. All in, it appears the city is still on the hook for as much as $10-million.
City auditor-general Jeff Griffiths uncovered several contracts on the reno job which were not put out for competitive biding and there were several missing documents. Among the questionable contracts, paying for a business plan with a price tag of $3.4-million which is an amount deemed absurd by councillor Josh Matlow.