Deadline Extended for Bids to Buy St. Paul’s College CampusMay 8, 2014 |
LAWRENCEVILLE, Va. ― St. Paul’s College trustees are hopeful a deadline extension will stir a buyer for the campus of the historically Black school.
The board has extended until June 25 the deadline for bids to buy the campus. The initial deadline was April 9 and several parties requested more time.
Located in Virginia’s tobacco-growing belt, the private, liberal arts college closed in June 2013 under crushing debt and questions about its governance.
St. Paul’s was founded in 1888 by James Solomon Russell, an Episcopal priest who had been born into slavery. And the school’s mission was to educate Black men and women in the post-Civil War segregated South.
The campus is assessed at more than $12.5 million. It includes dormitories, a president’s house and other residences, administration buildings, and more.