And what does that mean?
Since the city bought at $5.65 million and are selling at $5,907,000, does that redeem the deal?
Or was the city’s purchase of the property a crazy risk anyway, since “(t)he initial owners had said that, after spending 25 years trying to find a buyer, no would-be purchaser could come up with a financially feasible reuse of the structure.”
I really don’t know. I had my doubts about the deal, but if the city’s going to come out ahead…