Timmins city council has approached Goldcorp Inc. to sell the buildings with a deal being finalized in the coming weeks.
Mayor Tom Laughren says the price of the sale and terms are not ready to be divulged, but says the deal could save the city around $300,000 annually.
Former manager of the Shania Twain Centre Tracy Hautenen says the city will continue to honour its mining heritage and honour Twain in smaller ways.
She adds that Twain, who grew up in Timmins, supports the sale.
Laughren says the Shania Twain Centre will remain open until the end of January 2013, after that any decision to demolish or reopen is up to Goldcorp.
"We went to Goldcorp with an offer and financially it made sense to sell the land as surplus. Council supports the deal and I full heartily support it as well."