Adelphia building in limbo
Krise Bus buys Kightlinger lot

Ownership of the massive Adelphia Operations Center in downtown Coudersport remains in limbo. Repeated phone calls to the auction company selling the building for Adelphia and the real estate company representing the high bidder were not returned. A scheduled closing on the property for a high bid of $3.4 million on Dec. 17 did not take place. Zero To Sell Real Estate of Los Angeles, Calif., has been identified as the firm that represents the winning bidder.

Rumors have swirled that the garish building, which was constructed at a cost of about $30 million, could be demolished and sold for salvage. About 25 employees currently occupy the office complex as staffers with the bankrupt Adelphia Communications Corporation.

Adelphia last year selected internet real estate auction specialist LFC Online to sell most of its remaining real estate assets. Proceeds are being used to settle with creditors as the company dissolves. Buyers have been found for some of the Coudersport area properties.

Krise Bus Service is in the process of acquiring the former Kightlinger Motors lot at Mill and Dwight streets, where the company will store and service some of its school buses.

A separate parcel, the former International Paper Company office and warehouse on East Second Street, near Goodenough Plaza, is being sold to the Potter County Redevelopment Authority and will be leased to AP Wagner.

That company operates an appliance parts customer service center which will be relocated from the Coudersport Industrial Park.