That's ludicrous Retroit. No developer puts up a complete plan with all of the money for it up front. Homeowners don't do it. Commercial landlords don't. Nobpdy does. My educated guess [[and I have a pretty good idea of what I am talking about) is that Keffalinos can make that building viable and respectable looking for under $10 million. That means he fixes the roof, secures and cleans the exterior and rehabs the first floor or two so it's commercially viable. The whole building doesn't need to be done all at once.

The bottom line is the city is essentially broke. It doesn't have millions of dollars laying around for demolitions of choice. This is a demolition of choice, not necessity. It will create jobs, tax base and increase the property values in the surrounding area. This is an easy business decision. It would be a complete failure on the DEGC, DDA and city's part if they didn't find a way to make this investment happen.