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Published on 5/31/2018 in the Prospect News Distressed Debt Daily.

Dowling College announces $14 million high bid for Brookhaven campus

By Caroline Salls

Pittsburgh, May 31 – Dowling College declared a $14 million bid submitted by Triple Five Aviation Industries LLC as the winning bid for its Brookhaven, N.Y., campus, according to a notice filed Thursday with the U.S. Bankruptcy Court for the Eastern District of New York.

Dowling said no other bids were received by the May 30 deadline.

The sale hearing is scheduled for June 4.

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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