Lon Morris College auction delayed until January - KYTX CBS 19 Tyler Longview News Weather Sports

Lon Morris College auction delayed until January

Posted: Updated:

TYLER (TYLER MORNING TELEGRAPH) - The auction of Lon Morris College will not take place next week as originally scheduled.

 The sale of the 112-acre campus in Jacksonville has been pushed back until next month.

 Danny Mogle from our news partners at the Tyler paper joins us with the update.

 Danny it looked like everything was set to go. Why the delay?

 The delay comes as a response to an objection filed by the Texas Attorney General's office.

 The AG office raised two concerns.

 The first being that the auction was happening too fast and that some potential buyers may not even know that this substantial amount of real estate and assets were even up for sale.

 And secondly the state wanted extra time to make sure that Lon Morris College was the clear and undisputed owner of everything that was being put up for sale.

 What is the new date for the auction?

 A judge has set the new date for Jan. 14.

 Lon Morris needs the money from this auction to pay off creditors after going bankrupt earlier this year.

 YOU CAN FIND OUT MORE ABOUT THE AUCTION ON OUR WEBSITES, CBS19 DOT TV AND TYLER PAPER DOT COM.

  • Local NewsMore>>

  • Gov. Perry removes tweet about Travis County DA

    Gov. Perry removes tweet about Travis County DA

    Monday, September 1 2014 8:55 AM EDT2014-09-01 12:55:19 GMT
    Gov. Rick Perry on Sunday night removed a tweet that had been sent from his account featuring a photograph of Travis County District Attorney Rosemary Lehmberg. Perry said the posting had been "unauthorized."More >>
    Gov. Rick Perry on Sunday night removed a tweet that had been sent from his account featuring a photograph of Travis County District Attorney Rosemary Lehmberg. Perry said the posting had been "unauthorized."More >>
  • Robbery suspects raid home, impersonate deputies

    Robbery suspects raid home, impersonate deputies

    Robbery suspects impersonating deputies raided a home and put pillow cases over the homeowners' heads, according to police.More >>
    Robbery suspects impersonating deputies raided a home and put pillow cases over the homeowners' heads, according to police.More >>
  • SCSO: Robbery suspects get away with cash register

    SCSO: Robbery suspects get away with cash register

    Sunday, August 31 2014 4:35 PM EDT2014-08-31 20:35:57 GMT
    SMITH COUNTY (KYTX) - A Smith County convenience store clerk was robbed at gunpoint in the 11800 block of Highway 64 around 3:00 Sunday morning.More >>
    SMITH COUNTY (KYTX) - A Smith County convenience store clerk was robbed at gunpoint in the 11800 block of Highway 64 around 3:00 Sunday morning.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.