Bids surpass $3 million mark
Staggering Adelphia building draws more bidders

At least three bidders have a strong interest in the former Adelphia Operations Building in downtown Coudersport.

As of press time, the high offer was $3.2 million for the massive building that was once a plush $30 million headquarters for one of the world's biggest cable television companies.

About 30 employees are clinging to their jobs with the Adelphia estate as the auction continues.

Adelphia selected Internet real estate auction specialist LFC Online to sell most of its remaining real estate assets. Proceeds will be used to settle with creditors as the company emerges from Chapter 11 bankruptcy protection and dissolves.

This consists of nearly 100 properties located in several states, including both raw land and developed sites.

The Operations Building and scattered other Coudersport properties are among those up for auction on LFC's website (lfc.com).

One of the parcelss, the former International Paper Company property on East Second Street, is being sold to the Potter County Redevelopment Authority and will be leased to an employer, AP Wagner.

Another property, the former Job Service building and garage at North West and West Second streets, is being sold to an unidentified buyer for $101,000; it had an appraised value of $300,000.

Adelphia is also trying to sell the former Kightlinger Motors/ Robbins Chevrolet property at Mill and Dwight streets, appraised at $140,000, and the former Alliance Church/ Dorellenic property on West Third Street, appraised at $204,000.