07-18-2023, 11:07 PM
"No one stepping forward to buy it or re-develop it."
AFAIK, the state hasn't made it available for lease or purchase. The reason Uncle Billys walked away from it was the state would only put them on a "month to month" lease. No hotel operator in their right mind is going to invest in maintenance on a property when they don't know if their lease will be renewed in a few days. If a toilet broke or somebody puked on the carpet or whatever, they just locked the door and stopped renting out that room. They continued that strategy until the building was unusable.
AFAIK, the state hasn't made it available for lease or purchase. The reason Uncle Billys walked away from it was the state would only put them on a "month to month" lease. No hotel operator in their right mind is going to invest in maintenance on a property when they don't know if their lease will be renewed in a few days. If a toilet broke or somebody puked on the carpet or whatever, they just locked the door and stopped renting out that room. They continued that strategy until the building was unusable.