Dowling College receives $14 million bid for Brookhaven campus

New York, May 21 – Dowling College has received a bid of $14 million for its Brookhaven campus, according to a letter filed Friday with the U.S. Bankruptcy Court for the Eastern District of New York.

The letter was from Harold Seligman of Long Tuminello, LLP, attorneys for Bridgestone Capital Partners.

Bridgestone, Seligman added, is not prepared to bid more than $12 million and will therefore drop out of the running to buy the campus.

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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