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Around and Around

The imbroglio of this particular edifice is one that has played itself out in almost every American city at least once. It's a story of powerful, elected officials using taxpayer money to pay far above market rate for a derelict (albeit beautiful) building. The recipient of the largess (seller of the property) was most recently caught red-handed and charged with bribery. Sadly, the citizen is stuck with a crumbling, historic monument and over $5 million in debt.

 

I intend to chronicle the whole story on Bearings at some point in the near future.

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Taken on August 3, 2010