Chinese University says it did not buy DWC
Buyer’s intent for defunct college property remains unknown
NASHUA – The Chinese University of Hong Kong is saying it is not behind the $11.6 million purchase of the Daniel Webster College campus, despite initial reports.
The university put out a statement this week on its website stating that it did not bid for, nor purchase the college campus. According to court documents, the winning bidder is a Sui Liu, with an address in China. Liu is being represented by a Virginia-based attorney, David Lu. Lu did not respond to a request for comment on Wednesday.
Liu is purchasing most of the campus and buildings, except for the hangar and tower purchased by Southern New Hampshire University for $410,000. There are plans by SNHU to continue a flight program using the facilities in Nashua.
Daniel Webster College, next to the Nashua Airport, started as an aviation school in the 1960s. It was bought out by the for-profit I.T.T. in 2009 for close to $30 million.
I.T.T. shut down abruptly last year after federal scrutiny led to the government shutting off I.T.T.s ability to access student loans. The ensuing ensnared Daniel Webster, which would have shut down if not for SNHU. The Manchester-based SNHU stepped in to keep classes going for a final year at Daniel Webster.
The more than 50-acre property was auctioned off last month as part of I.T.T.’s bankruptcy proceedings.
Damien Fisher can be reached at 594-1245 or email@example.com or @Telegraph_DF.