The palatial office building that was to be Adelphia
Communication Corp.’s Coudersport headquarters is on the auction
block again after the winner bidder in last year’s auction
defaulted.

The ,30 million building was auctioned off last year through the
Internet real estate auction specialist LFC Online. On Wednesday,
Ashley Carvahlo, public relations associate with LFC, contacted The
Era in regards to the bidding process beginning again.

Carvahlo explained the buyer defaulted and “now the LFC Group of
Companies is putting the Coudersport ‘Taj Mahal’ back on the
auction block. The bid deadline is next Thursday, February 14, so
this will be a fast-paced auction campaign.”

She explained when the bidding began Tuesday night, the first
bid was placed, putting the high bid at that time at ,3.1
million.

The building is described as a 72,000-square-foot, three-story
office building with a fully finished basement and
80,000-square-feet of paved parking. Pictures of the interior and
exterior of the building are on the LFC Group’s Web site.

“Its polished granite exterior is complimented by bronzed
windows, a stunning concrete and granite stairway with decorative
wrought iron railings and two massive granite pillars inviting
guests to experience the corporate opulence within,” the
description of the building reads.

The interior “boasts brass, bronze, granite, maple wood and
parquet flooring and custom woodwork, including raised panel doors
and wainscot throughout.” The building features Internet
connectivity for approximately 275 employees.

The building must sell this time around, according to the Web
site.

LFC Group has sold and closed more than 60 other properties in
Adelphia’s real estate portfolio after the company’s bankruptcy and
liquidation.

On July 31, 2006, a subsidiary of Time Warner Cable Inc. and
Comcast Corp., completed their respective acquisitions of all the
cable assets of Adelphia Communications Corp. On Feb. 13, 2007,
Adelphia’s Chapter 11 reorganization plan became effective and
Adelphia’s public company reporting obligations ended.