Lon Morris Campus May Be Sold in December Auction

JACKSONVILLE � Lon Morris College, the 168-year-old junior college in Jacksonville that filed bankruptcy, is seeking Court approval for an auction on December 13th at 11:00am. KETK reports AmeriBid LLC would conduct the auction for qualified bidders only at McKool Smith, PC, 300 Crescent Court, 12th floor, Dallas. Upon approval by the United States Bankruptcy Judge in Tyler, the core of the College�s 112-acre campus will be auctioned, including such features as a library, chapel, administration building, classroom facilities, student center, dormitories, and fields. �We�re delighted to have the auction plans finalized. AmeriBid will be providing prospective bidders with detailed information about the school and its extensive campus,� said Dawn Ragan, Chief Restructuring Officer for the college.

Stephen Karbelk, co-chairman and founder of AmeriBid, said he expects prospective bidders to include other colleges, churches, denominations, school systems, and other groups that might wish to use the property as a conference center, corporate retreat, or even residential treatment center. The college property will be offered in multiple parcels and as an entirety.