• Overcast, mist, light rain
  • 55°
    Overcast, mist, light rain
  • Comment

Sheldon Jackson College transfers lot to pay debt

Posted: May 21, 2011 - 4:11pm

SITKA — Sheldon Jackson College has transferred a 40,000-square-foot lot in Sitka to a former college trustee to close out part of its remaining debt.

Richard Scheumann of Seattle tells the Sitka Sentinel he made several loans to the college, including one in early 2007 during the college’s final days of academic operations when it was struggling to stay afloat.

Scheumann was owed about $260,000 and he accepted the nearly one-acre lot as payment.

The land transfer was formally recorded with the state March 22.

Scheumann operated a construction business that did work around Alaska for more than 50 years.

  • Comment

Spotted

Please Note: You may have disabled JavaScript and/or CSS. Although this news content will be accessible, certain functionality is unavailable.

Skip to News

« back

next »

  • title http://spotted.juneauempire.com/galleries/377883/ http://spotted.juneauempire.com/galleries/377878/ http://spotted.juneauempire.com/galleries/377873/
  • title http://spotted.juneauempire.com/galleries/377868/ http://spotted.juneauempire.com/galleries/377863/ http://spotted.juneauempire.com/galleries/377858/
  • title http://spotted.juneauempire.com/galleries/377853/ http://spotted.juneauempire.com/galleries/377848/
Middle School Running

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING