Photo courtesy of the Pug Awards, where Toronto Life Square placed second-last in its category this year.
Toronto Life Square—the massively unattractive ogre on the north-east corner of Yonge and Dundas, which houses not only a Future Shop, Google’s local offices, and an AMC that uncomfortably doubles as Ryerson classrooms, but also a vast and ever-growing pool of all of our tears—is “broke,” according to the Globe and Mail. What’s more: Toronto Life, who scooped up the naming rights in 2007, “has been locked in a months-long legal dispute to remove its name from the project.” (Perhaps the magazine finally realized the irony of suggesting that the building that loomed over Dundas Square added anything to Toronto life.) The Globe notes that, under the building’s original owners, a subsidiary of PenEquity, it racked up some $280 million in debt, and has now been placed in receivership, meaning that it’ll soon change ownership but not, unfortunately, disappear altogether. That fate will, for now, remain confined to the dreams of those who want to believe Toronto could have done so much better.