Finlandia Association of Thunder Bay could decide to dissolve, liquidate assets at meeting Wednesday
One of the best known landmarks in Thunder Bay, Ont., could be no more.
The association owns and operates the Finlandia Hall and Hoito Restaurant on Bay Street.
A resolution, provided to the membership states, "the Corporation be voluntarily wound up pursuant to the provisions of section 230, and sections 253 to 265 of the Corporations Act;" and goes on to note that Grant Thornton Limited would be appointed as the liquidator of the corporation.
Two of the board's directors, Kevin Vesa, who serves at the vice-president, and Derek Parks would be appointed as inspectors in the proceedings, to approve any compromise made by the liquidator with debtors and creditors.
A crowdfunding campaign at the time raised about $15,000 and the board also sold off a neighbouring building, the former Kivela Bakery.
The Finnish Labour Temple, or Finlandia Hall, is on the City of Thunder Bay's heritage registry, and is also designated as a National Historic Site of Canada by the Directory of Federal Heritage Designations.