Dowling College looks to solicit bids for Brookhaven, N.Y., campus

By Caroline Salls

Pittsburgh, Sept. 27 – Dowling College requested court approval of the bid procedures for the proposed sale of its Brookhaven, N.Y., campus, according to a motion filed with the U.S. Bankruptcy Court for the Eastern District of New York.

Dowling said the Brookhaven campus was home to its School of Aviation, sports management program and NCAA Division II athletic program.

No stalking horse bidder has been identified to date, according to the motion, but the college reserved the right to select a stalking horse bid in the future.

If an auction is held, Dowling said only the top five bidders or those within 25% of the highest bid will be permitted to attend and participate at the auction.

Bids are due by 4 p.m. ET on Dec. 5.

An auction will be held on Dec. 7, if necessary. Bids at auction must be made in minimum increments of $100,000.

A hearing is scheduled for Oct. 16.

Dowling is based in Oakdale, N.Y. The college filed for bankruptcy on Nov. 29, 2016 under Chapter 11 case number 16-75545.

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