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July 20, 2012

Action rolling under radar for Bell Tower Inn block

The talk along Second Street Southwest is that a development deal is moving ahead across from Saint Marys Hospital.

InnThings have been up in the air for a while for a cluster of six properties at Second Street and 12th Avenue that include the Bell Tower Inn and the Alpine Inn.

The bank that owns the mortgage on the block of properties appointed a firm to take over management of them earlier this summer, and then they were were scheduled for foreclosure and to be sold at an Olmsted County Sheriff's auction last month.

However, the bank canceled the foreclosure auction at the last minute.

Now the buzz is that the redevelopment of that area is moving forward following a deal being made to sell the high-profile properties. I'm tracking this to dig up details on the rumor.

Hopefully, I'll have something soon.

Comments

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Hey:
we have a convention coming - to"expansive floor space".

Could it be that Mayo Civic will be expaned by March to handle the event?
or must it be in the cramped too small center we have?

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