Laurentian University intends on selling the Bell Mansion in Sudbury as it attempts to settle with its creditors.
As part of the April 13th report by Ernst & Young, the firm acting as the court-appointed monitor of Laurentian’s insolvency restructuring, there is a dispute between Laurentian University and the Art Gallery of Sudbury, which occupies the Bell Mansion, as to who has jurisdiction.
The monitor understands that the university plans to sell the mansion and may include that plan in their presentation to creditors.
The monitor also states the property was transferred to the university from the Sudbury Centennial Museum Society back in 1967 with Laurentian operating the gallery out of the mansion.
However, the university approved a resolution in 1996 to transfer the operations to the community-based organization but did not agree to transfer any of the hard assets.
The matter is to be heard in court next month.