A chapter in the cable industry is coming to a close with the imprisonment of disgraced Adelphia co-founder John Rigas and his son. And tiny Coudersport, PA, headquarter town to the once-mighty cable company, won’t ever be the same.
Latest case in point: Adelphia’s 72K sq. ft. headquarters building is up for auction, starting with a minimum bid of $1 million. That bargain basement price applies to a picturesque polished granite edifice with interiors constructed of brass, bronze, granite, cherry wood paneling and parquet flooring.
The beautiful building will likely sell for more than the minimum $1 million (the suggested value is $30 million), but you never know — Coudersport is a long way from even a mid-sized city. And the sparkling former Adelphia facilities are a world away from the federal penitentiary where the Rigas men are headed.
(Hat tip to Cablefax.)
Cynthia Brumfield at 9:30 PM|Comments(0)
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