Bennington Select Board Chairman Donald Campbell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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BENNINGTON — Southwestern Vermont Health Care outbid youth camp operator Moshe Perlstein and businessman Paul Belogour on Friday to purchase the former Southern Vermont College campus for $4,650,000.
The bidding process took place during a late morning videoconference hearing before Judge Colleen Brown in U.S. Bankruptcy Court.
The session involved about two dozen higher bids being offered before the remaining alternate bidder, Perlstein, said, I m out,” leaving only SVHC.
Belogour and his Vermont RE Development, LCC, had stopped bidding when the offers reached $3.95 million.
Perlstein and SVHC kept raising the bid by the required $50,000 increments until the price reached $4.35 million, at which point Perlstein asked for a five-minute recess. ....

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