4 ms·
Why would the bank spend more money to tear it down instead of trying to make some of their money back by selling it? That's what banks try to do with other bu
by burgerbrain 15y ago
Why would the bank spend more money to tear it down instead of trying to make some of their money back by selling it? That's what banks try to do with other buildings.
- rxcfc 15y agoI think you are missing the point. The question is what would one do if the building fell into disrepair and no one wanted to pay to maintain it. See Detroit for an example of this happening to houses.
- burgerbrain 15y agoRealisticly? If it were to be knocked down, I imagine the state might just eminent domain it and the surrounding area and dynamite it. I find this outcome unlikely though since nobody will want to spend the money on it. Here is a more likely outcome: http://www.gadling.com/2011/03/08/abandoned-caracas-skyscraper-is-home-to-2-500-squatters/ http://www.gadling.com/2011/03/08/abandoned-caracas-skyscrap... Note the case of the Ryugyong Hotel, demonstrating that such buildings can be abandoned for long amounts of time without anything needing to be done to them.