Quote:
Originally Posted by JManc
The loss of that building would be such an architectural loss and a particularly huge loss to Providence's history. Sell it for a buck and turn it into high end lofts.
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It apparently just came very close to getting sold for the ~$500k owed in back taxes to the City of Providence. Seems the owner(s) found the $ in the end.
I'd bet you anything that the people who currently own it would not agree to let it go for one dollar, also nor even for half a million of them (given that they just did).
If they decide to demolish it it's because they now think the lot is worth more without the building than it is with it. And again, in that case, I guarantee that they will be of the firm opinion that Lot Value Minus Demo Cost >> $1.
Maybe a bunch of us SSPers could get together and pool enough capital to buy that building and convert it to lofts... (I'm sure we could, and I'm also pretty sure that for some reason there will be no interest to even consider the idea.
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I've always wanted a 1920s Art Deco skyscraper. Haven't got one of those yet.