Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
BURLINGTON, Vt. (AP) — A Vermont building that housed a now-defunct college where U.S. Sen. Bernie Sanders' wife was president has been sold at auction.
The Burlington Free Press reports People's United Bank took ownership of the former Burlington College property Wednesday for $3.1 million, about $650,000 less than the college has in debts.
Developer Eris Farrell hopes to buy the building.
Burlington College closed last year after struggling under the weight of a $10 million purchase of property and buildings from the Roman Catholic Diocese of Burlington it made in 2010 during Jane Sanders' presidency.
Federal investigators are looking into the finances behind the real estate deal put together by Jane Sanders.
A spokesman for Jane Sanders and the independent senator says the allegations that prompted the investigation were politically motivated attacks.
Information from: The Burlington Free Press, http://www.burlingtonfreepress.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.