It's official - in a $3.3-million deal with the city, Laurentian University will assume ownership the Market Square property.
Council voted 10-2 in favour of the deal, with councillors Frances Caldarelli and Terry Kett opposed to the sale; however, their concerns didn't focus on the fate of Market Square, but on the decrease in the number of parking spaces that would result from the construction of a school of architecture.
The deal does not include the southern part of the property, which is where Laurentian University had stated it would build a new market square for co-location, Laurentian University President Dominic Giroux said. The deal did include, however, the two-storey building at the corner of Elm Street and Elgin Street.
Posted by Arron Pickard
