The U.S. Bankruptcy Court in Central Islip today approved the sale of Dowling College’s 105-acre Brookhaven campus In Shirley, N.Y., to Triple Five Aviation Industries LLC for $14 million, Newsday reported. Representatives, creditors and trustees of the defunct liberal arts college at a hearing yesterday requested that Judge Robert E. Grossman approve the sale, allowing for Triple Five Aviation and Dowling’s estate to close the real estate transaction within 45 days. Triple Five Aviation is a subsidiary of the Triple Five Group of Companies — the majority partner in a joint venture to redevelop the Enterprise Park at Calverton known as EPCAL.
