AGBU Toronto Poised to Sell Its Centre to Centennial College

On October 30, AGBU Ontario shared a message with its supporters regarding the AGBU facility on 930 Progress Avenue in Toronto.

The message stated that the Centre in question, which has accommodated the needs of the chapter for more than three decades (active since 1981) is unable to cope with the staggering costs of operating the structure and revealed an initial sale agreement with Centennial College.

It said that AGBU Board has been considering options to address the cost issue, including moving Chapter’s operations to a more centralized location that’s more convenient to meet the needs and interests of the community.

It revealed that AGBU Toronto has now entered into an agreement to sell the property to Centennial College with the option of leasing it back to use as necessary through at least January 2020. This will give AGBU time to decide what to do next.

The leadership of Holy Trinity Armenian Church was given the opportunity to exercise right of refusal or to acquire the property.

In response to the message, the Church called for an urgent membership meeting on Sunday November 11, 2018, presided by the Primate, bishop Abgar Hovakimian, to discuss the AGBU property sale details.