Sunday, June 3, 2007

Price paid for "shinking ship"

Christy mentioned we are not making money ...

Sale price of our building: $2.65 million according to the city's tax assessment info on the property. That's a heck of a lot of money to spend on a "sinking ship." And, I don't think that even includes the cost of all the internal improvements and technology upgrades made to the building after the sale. Before JRN bought it, the building was just an empty shell with no walls, plumbing, lights or anything else inside.