The building is beyond the point of getting it back already. I just spent a week in downtown Memphis where there are dozens of buildings that have been abandoned for decades, it's depressing. I won't tell you what opinion to have but I certainly don't get the "I'd rather have this old collapsing thing than a vacant lot" attitude. If anything having that building sitting there is a deterrent to a potential developer.
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Mr. K the monopoly man
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