Create a free Diverse: Issues In Higher Education account to continue reading. Already have an account? Enter your email to access the article.

Bankrupt Lon Morris College Campus Sold at Auction

JACKSONVILLE Texas — The oldest junior college in Texas has been sold at auction with much of the property going to the local school district and an office supply company.

Oklahoma-based AmeriBid said Tuesday the auction of Lon Morris College that started Jan. 14 has been completed, with winning bids totaling about $2.2 million. The two-year college located in the East Texas town of Jacksonville filed for bankruptcy and suspended classes last year.

The Jacksonville school district’s purchases included the administration building, gymnasium and athletic fields. Jacksonville-based office supplier 11 x 17 Inc. bought most of the academic buildings, the chapel and student residences.

The Lon Morris chief restructuring officer, Dawn Ragan, says proceeds will be used to pay creditors and the school’s former employees.

The sale is subject to bankruptcy court approval.

The trusted source for all job seekers
We have an extensive variety of listings for both academic and non-academic positions at postsecondary institutions.
Read More
The trusted source for all job seekers