Adelphia puts its headquarters on auction; minimum bid $1 million

By Reshmi Basu

New York, Sept. 17 - Adelphia Communications Corp. has placed its Coudersport, Pa.-based former corporate headquarters on sale.

The online auction is being handled by Newport Beach, Calif.-based LFC Group of Cos.

According to LFC's web site, the 72,000 square foot building is valued at $30 million while the minimum bid is $1 million.

The deadline for submitting bids is Oct. 11.

Adelphia, a Greenwood Village, Colo.-based cable operator, emerged from bankruptcy on Feb. 13, 2007. Its Chapter 11 case number is 02-41729.

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