Still no word on DWC campus
New owner has yet to reveal plans for property
NASHUA – It’s been four months since the Daniel Webster College campus was bought by a Chinese national, and still no plans for the property have been made public.
Sui Liu purchased the property in a deal that closed in December. He was the winning bidder for the campus in the bankruptcy sale held in October, agreeing to pay about $12 million for most of the 50-acre campus
It was initially reported by multiple outlets that Liu purchased the property for the American expansion of the Chinese University of Hong Kong. That story was debunked by university officials in the weeks following the sale.
Liu has not publicly stated what he intends for the property, and as of this week, there are no plans filed with the city. Liu’s attorney, David Lu of Vienna, Virginia, continues to decline to speak with The Telegraph about the purchase. Lu is primarily an immigration attorney.
Daniel Webster’s parent company, ITT Technical Institute, shut down more than a year ago when federal scrutiny led to the government shutting off ITT’s students ability to access federal student loans. Government officials were concerned that the for-profit ITT was leaving students stranded with high debt and few job prospects.
The ensuing crisis ensnared Daniel Webster, which would have shut down immediately in 2016 if not for the intervention of Southern New Hampshire University. The Manchester-based SNHU stepped in to keep classes going for a final year at Daniel Webster, which graduated its last class in May.
SNHU purchased the hangar and tower from Daniel Webster in the bankruptcy sale for $410,000. SNHU plans to continue a flight program using the facilities in Nashua.
Damien Fisher can be reached at 594-1245 or email@example.com or @Telegraph_DF.