Laurentian bumps up pace of post-CCAA property sale meetings

Laurentian University administrators say they’re increasing the frequency of meetings with Infrastructure Ontario as they attempt to finalize the sale of university properties so that LU can pay out its creditors.

The land sales to the province were originally supposed to be completed within four years of Laurentian’s CCAA exit, but that was pushed up to three before creditors voted on the plan of arrangement in 2022. In January, when previously questioned by Leeson, Lafontaine had said there was “accelerated” movement on the sale of one of seven pieces of Laurentian property to the province. However, as of yet, no announcement of any such sales has materialized.

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