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Agreement to buy Southern Vermont College not completed

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Published: Oct. 28, 2020 at 11:32 AM EDT
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BENNINGTON, Vt. (AP) - The court-appointed trustee representing the former Southern Vermont College in bankruptcy proceedings says an agreement to purchase the campus by a summer camp operator was never completed.

The Bennington Banner reports according to court filings, Moshe Perlstein, the operator of camps for youths from New York City, made an offer in June. He entered into an agreement with trustees of the former college to allow summer camps on the campus. The agreements were to expire by late September and haven’t been renewed. Raymond Obuchowski, the court-appointed trustee, said he had a specific timeframe to decide on the $3.15 million offer, which wasn’t accepted.

A message seeking comment has been left for Pearlstein’s lawyer.  

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