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.
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.