The Southwestern Vermont Medical Center is offering to buy much of the property of the bankrupt Southern Vermont College in Bennington for $3.2 million.
The hospital says in a news release that it is committed to developing a long-range plan for the property. They want to keep 371-acre campus locally owned, with a goal of making the athletic fields and its hiking trails accessible for the community.
Bankruptcy Trustee Raymond Obuchowski says he expects to file a motion with the bankruptcy judge to accept the college's officer, but other potential buyers have until Dec. 7 to make “higher or better” offers.
The college closed in 2019.
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