Ever dreamed of owning your own college campus? If so, your ship has come in — to Springfield, Ky.
The campus of the former St. Catharine College is up for auction. The minimum bid accepted will be $1.3 million for the 50-plus acre college property itself, $1.4 million for the campus and three bypass property tracts totaling more than 40 acres.
The campus includes four residence halls, a library, Arts & Science classroom building, student center and gymnasium with administrative office space. It also features a running track, baseball and softball field, soccer field and six tennis courts.
Keen-Summit Capital Partners LLC is marketing the property, situated between Springfield and Bardstown. The bid deadline is Nov. 27; the auction date is Nov. 30.
St. Catharine was a Catholic school that closed in July, 2016 because of financial problems. The college had 600 students when it closed and only expected 475 for the following semester.
Former Kentucky Governor Martha Layne Collins was president of the school from 1990-1996. The college was founded by the Dominican Sisters of Peace in 1931.