Real estate company bids $4.9 million for the campus of a bankrupt West Virginia college

A federal bankruptcy court in West Virginia has set a hearing for next month on the potential sale of a defunct private university’s campus.

A court-appointed trustee filed a motion Wednesday to sell the former Alderson Broaddus University’s land, furnishings, equipment and supplies in Philippi to DACK Investments LLC for $4.9 million.

If any competing bid is submitted in writing by Jan. 26, an auction will be held on Jan. 31 at the U.S. Bankruptcy Court in Clarksburg. Otherwise, the court will conduct a Jan. 31 hearing to approve the sale to DACK, a real estate company in nearby Buckhannon.

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