Creditors should reject Laurentian University’s plan of arrangement, and the insolvent university should be “taken over by another public university for a defined period,” says a local coalition opposing what has happened under LU’s restructuring.
The Tricultural Committee is a group formed by representatives of Save our Sudbury, the Coalition nord-ontarienne pour une université de langue française à Sudbury and key leaders from local Aboriginal communities “in response to the devastating local impact of Laurentian University’s use of the CCAA.”
• Support establishing an independent Franco-Ontarian university and transfer remaining Francophone programs to the Université de Sudbury. “The new board and administration should consult widely with Indigenous, Franco Ontarian, and Anglophone communities in Sudbury and Northern Ontario and be committed to protecting public university education and university autonomy. Laurentian’s proposed plan can and must be rejected.”
However, an information circular for Laurentian’s creditors published on a website dedicated to documents related to the university’s insolvency refutes the idea LU will have to come back with a better offer if the plan of arrangement is voted down.