Saturday, March 24, 2012

City says Divine Lorraine will not be demolished

A "Repair or Demolish" notification posted by L&I delivered a second punch to preservationists following a fire at the Divine Lorraine, abandoned by investors.

Fear not. Deputy Mayor Alan Greenberger stated that the notification was a necessary measure allowing the city to enter the building and intervene.

A bill for all repairs made by the city will be sent to the building's owners, Michael Treacy, Jr. and a Dutch group, on top of the $700,000 in back taxes they currently owe.

Meanwhile the city is working with the New York bank that holds the mortgage to find a new owner ready and willing to develop the property.

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