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While the R.D. Parker building and other multi-storey structures might stand out the most at Laurentian, the university also boasts a broad expanse of hills, trees, trails and water behind its campus that one could argue is equally if not more valuable.
Many in the city fear this large tract of undeveloped real estate might be sacrificed as the hard-pressed institution, currently locked into a Companies’ Creditors Arrangement Act process, looks at ways to make ends meet.
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City council’s vision for Greater Sudbury is “a centre of excellence and opportunity – a vibrant community of communities living together.”
Laurentian University is one of the critical communities in that equation as it inspires and prepares many young Sudburians for the world ahead, contributes to the vibrancy of our city and is a major driver in our economy.
That’s why city council sent two letters to Ontario Premier Doug Ford and Ross Romano, Training, Colleges and Universities minister, urging them to step in, provide funding to stabilize Laurentian and help determine a better path forward.
Laurentian University returning to in-class learning September
After being one of the province’s first post-secondary schools to shut down at the beginning of the pandemic, Laurentian University says it will be welcoming students back to class this fall.
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CBC News ·
Posted: May 11, 2021 2:26 PM ET | Last Updated: May 11
Laurentian University has been going though unprecedented restructuring in the wake of declaring financial insolvency on Feb. 1, 2021. The Sudbury, Ont. school is currently under creditor protection.(Yvon Theriault/Radio-Canada)
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Thorneloe University is a small school that has had a big impact on Laurentian University and its students, and its continuing existence would not threaten Laurentian’s future.
Those are some of the arguments Thorneloe has laid out in a motion seeking to appeal a judge’s decision allowing Laurentian to end its federation agreements with Thorneloe, the University of Sudbury and Huntington University.
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Laurentian, burdened by debt, has sought creditor protection and is restructuring. It has laid off almost 200 faculty and staff, cut 69 programs and ended its federation agreements. Laurentian used to share $7.7 million with its federated universities, money it will now keep.
MONTREAL — Insolvent beverage retailer DavidsTea Inc. says it will ask its creditors to approve a plan of arrangement next month to distribute about $18 million to creditors in Canada and the U.S.A . . .