Tuesday, September 25, 2012

Mountain State University sells aircraft, counts assets

BECKLEY, W.Va. -- Mountain State University has sold its two aircraft and is assessing other properties ahead of its scheduled closure in December.

Interim President Richard Sours told The Register-Herald that the university sold a small single-engine airplane and a twin-engine corporate airplane several weeks ago.

Sours said the president's home and other assets aren't on the market and there's no plan to sell the Martinsburg Mall.

In June, the Higher Learning Commission revoked the private Beckley-based school's accreditation because of leadership, organizational and integrity issues. The accreditation later was extended to Dec. 31.

The University of Charleston took over Mountain State's campuses in Beckley and Martinsburg so students can complete their degrees.

Sours said UC has indicated that it wants to fully occupy the Beckley campus in January.