The University of Toronto informed UTS in 2011 that it was rejecting its proposal for a $48 million refurbishment of its facilities and that the university intends to reclaim the property at 371 Bloor Street West for its own use. UTS had been given until 2021 to find and move to new space. However, in 2014, it was announced by the chair of the UTS board of directors that the University of Toronto and UTS were negotiating to maintain an affiliation between the two institutions and keep the school at its present location but redevelop the site so that it could fit meet the needs of both the university and the school.