Hotel Sterling to be Razed (Wilkes-Barre, Kingston: loft, loan, homes)

[BerthaKingston]

Originally Posted by jetgraphics

Under current laws and the economic condition, there is no benefit to "saving" a building. Either it makes money for someone, and taxes can be paid, or it's abandoned to its fate.

Benefit=business opportunity, historical preservation, charitable. I also have had talks with the casino about privatley backing the project. I myself am willing to donate as much as I can to start the efforts.

[thecoalman]

Originally Posted by BerthaKingston

The 100 million=a new high rise and garage the restoration will not cost near that.

50 million, 100 million or whatever it is... it's still s lot of money that apparently no private investor is willing to invest. You've probably had lots of private investors that have looked at all the possibilities of this project who have all come to the same conclusion.

[thecoalman]

Originally Posted by BerthaKingston

I myself am willing to donate as much as I can to start the efforts.

Why donate? Set it up for profit, instead of collecting donations offer it as investment opportunity. If someone came to me with offer of share in this where I might be able to see a return I might be more receptive to the idea. Lot of hurdles involved with something like this but why not look into it?


When I hear donation for this project what I see is making someone else wealthy......

[thecoalman]

Originally Posted by SteelCityRising

The FIRST priority should have been to seal the building in order to retain the structure as being as STRUCTURALLY SOUND AS POSSIBLE. Instead they went on a lark acquiring more property and were in a mad dash to tear down the adjacent (and less historic) rear tower. Now a building dating back to the 1800s will be torn down, and my money is on either a drive-thru PNC Bank or a drive-thru Walgreen's taking its place at one of the most prime corners in all of Downtown.

This is what happens when you're spending other peoples money.

[BerthaKingston]

Originally Posted by thecoalman

This is what happens when you're spending other peoples money.

As far as spending money, a non profit is always best-look at Hillside farms for example-they got donations and restored that lovely old farm and house. We can do the same, just get private business and individuals to back you and you will make out fine. I have done this twice before, once in New York City-an old bank building effort and near my winter house in florida, we came together and saved those places. I have enough money to get the porject at least started already.

[Magritte25]

Originally Posted by BerthaKingston

It probably will but the irem is still used on occasion.

It is? Last time I saw it (this past Friday) it was boarded up.

[BerthaKingston]

Originally Posted by Magritte25

It is? Last time I saw it (this past Friday) it was boarded up.

Hi,
Although it is own by the chamber that rent it out to us ladies shrine auxillary to hold our spring card party on the third floor every March and one in the summer during July, I was there 2 weeks ago and yes it does need some money to fix it up.

[Lehigh Valley Native]

Originally Posted by BerthaKingston

Hi,
Although it is own by the chamber that rent it out to us ladies shrine auxillary to hold our spring card party on the third floor every March and one in the summer during July, I was there 2 weeks ago and yes it does need some money to fix it up.

[SteelCityRising]

Originally Posted by Lehigh Valley Native

[BerthaKingston]

Originally Posted by SteelCityRising

We do use the back stage area