Burlington College property up for auction

[TexasTowelie]

Burlington College will be sold at auction on July 12.

Property owned by the now-defunct Burlington College is up for auction next week.

Thomas Hirchak Co., will sell the large brick facility and six acres located at 351 North Avenue in Burlington on Wednesday. The property is part of a larger planned condo development on Lake Champlain.

Burlington College occupied a portion of the former orphanage run by the Roman Catholic Diocese of Burlington until May 2016 when the school folded under what administrators described as a “crushing weight of debt.”

Known as Unit #2, the facility is 29,500-plus square feet and is listed as a potential condo project, according to auction documents. The on-site auction will take place at 10 a.m. July 12.

Read more: https://vtdigger.org/2017/07/07/burlington-college-property-auction/

[Gothmog]

1. Thanks for posting

[redstatebluegirl]

2. How sad for alumni.

I don't blame Bernie for this but his wife, yes, she appears to have been a pretty poor manager.

[Me.]

3. Thanks Jane

"Burlington College owed People’s United Bank approximately $3.7 million"