TORONTO — The Pierre Lassonde Family Foundation is making a $25 million donation to the City of Toronto to create a new waterfront public art trail, including $10 million to commission two landmark permanent art works and up to $15 million to establish a new non-profit organization that will manage the art trail, with the intention of raising additional matching funds to sustain the organization over the long-term.
It is the single largest arts-related gift the city has ever received and will serve as a prominent and enduring legacy for ArtworxTO: Toronto’s Year of Public Art.
The donation will create the new, outdoor public art trail in parks along the banks of the new mouth of the Don River in Toronto’s transformed Port Lands, indicates a release.
The trail will be a free, open-air route and will be curated by a new non-profit organization to be endowed by this gift.
Two permanent pieces, one by a leading Canadian artist and another by an international artist, will be featured on the trail, as will a rotating cycle of contemporary installations from local, national and international artists.
A staff report is expected to be presented to council at an upcoming meeting in July seeking authority to negotiate and enter into agreements to accept the public artwork donations in the coming months.
If approved, the Pierre Lassonde Family Foundation will appoint an executive director for the new non-profit organization, to be called the Lassonde Art Trail, and launch an international competition to commission the two new signature art works, in partnership with the city and Waterfront Toronto, adds the release.