Riverside [[Pontchartrain) Hotel closed

**davewindsor** · September-01-09, 11:22 AM

[quote=croweblack;62981]

Originally Posted by John

The new owners will have to dump at least 3-4 million in renovations to reopen and make it viable. Dumping that kind of money into a property worth at the most 1-2 million makes it well on its way to abandonment.

Where do you get this figure from, or are you just dumping random nunbers? The units are already furnished. The problem with the Baptist convention was the a/c died. You just send pay a mechanic to repair the rooftop a/c or replace the unit altogether. I don't see that costing anywhere in the millions.

croweblack · September-01-09, 12:42 PM

[quote=davewindsor;63096]

Originally Posted by croweblack

Where do you get this figure from, or are you just dumping random nunbers? The units are already furnished. The problem with the Baptist convention was the a/c died. You just send pay a mechanic to repair the rooftop a/c or replace the unit altogether. I don't see that costing anywhere in the millions.

As noted below your post from east side Al the problems are very severe and that phantom 37million in renovations is complete and utter BS

This place will be abandoned in the near future.