finance and operate a new restaurant and banquet/event centre at the Guild Inn site. In 2014, the City of Toronto developed a management plan for the hotel, park and gardens. While this was done, the development proposal was under review. This completed in 2015 and it was announced that the Guild Inn would re-open as a special events venue operated by Dynamic Hospitality and Entertainment Group Inc. under the terms of a forty-year lease of the property. The original hotel would be renovated and two new "event spaces" would be added. The project was expected to cost , with CA$5 million coming from the City of Toronto. The project demolished two wings of the Guild Inn and refurbished the original central block. The refurbished building and meeting venue opened in May 2017. Guild Park and Gardens Spencer Clark was aware of the trend to rebuild the financial core of Toronto. He, along with stonemason Arthur Hibberd, brought fragments of the demolished buildings, each an example of stone work that was no longer in vogue to the grounds, developing the Spencer Clark Collection of Historic Architecture. Fragments from over 60 buildings were installed on The Guild's grounds. One highlight is the Greek Stage, using eight columns from the Bank of Toronto Building to make a classical outdoor stage at a cost of to Spencer Clark. Named the Greek Theatre, the stage is used for outdoor theatre performances. It hosted its first performance in 1984 of folk music by the Good Time Rolling Folk Music Medicine Show. On the park grounds, exists an 1800s-era log cabin, known as the Osterhout Log Cabin. The actual date of its construction is unknown. In 1795, surveyor Augustus Jones and his surveying team camped in the area and could have built a log cabin on the property while he surveyed Scarborough. However, Jones' accounts stated that they stayed in tents. In 1805, the property was granted to William Osterhout, but there is no record of a log cabin during the time Osterhout lived on the property. The property was later owned by Alexander McDonnell, Duncan Cameron, and John Ewart. James Humphreys bought the property in 1845, and his son and family are the first recorded residents in the cabin, in 1861. The property was bought by the Clarks in 1934. As part of the 1978 sale of the Guild property, the land around the cabin came