Laurentian receives court approval to sell Art Gallery of Sudbury building, art collection

June 23, 2022
Laurentian University has gained court approval to sell the Bell Mansion, which is currently home to the Art Gallery of Sudbury, as well as the art collection contained therein. CBC reports that Laurentian will be able to sell the property 90 days after the completion of the new building for the art gallery: Junction East Centre or by the end of May 2025. The art collection has an estimated worth of over $4.8M. Laurentian will not be allowed to sell the art before making a plan through the Companies' Creditors Arrangement Act (CCAA) process and will need to give 90 days' notice to the gallery if it intends to sell an art piece. CBC (ON)