Quote:
Originally Posted by hollywoodnorth
is that a fact? as I had not heard of any communication between the owner and city hall in forever. Its a foreign owner sitting on it ... end of story from what I heard.
odd its not been turned into a parking lot at the very least .... would probably be pretty full most of the time.
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The property is owned by 3 gentleman, 2 are back in HK and one is still here, however moving back to HK.
There have been half a dozen offers on the property, including 3 or 4 that were taken back to the owners. They have one valuation on the land and would sell it if they could achieve that valuation. The market could not bear that valuation however.
There is no communication between the owners and the city, they have no interest in developing the site on their own.
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