Dowling College sale approved for $26.5M

CENTRAL ISLIP, N.Y. (AP) -- A judge has approved the sale of Dowling College's Oakdale campus on Long Island for $26.5 million.

The sale to Princeton Education Center LLC was approved by a bankruptcy judge on Monday.

An attorney representing the Dowling estate told Newsday the new owners plan to use the campus as a private, bilingual K-12 school licensed by New York State.

Dowling closed in August after incurring over $50 million in debt and losing its accreditation. The small liberal arts college was founded in 1968 by the philanthropist Robert Dowling.

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