Monday, April 29, 2013

Blog #5

Historic Detroit masonic lodge in trouble.
The massive 14 story Detroit masonic lodge was foreclosed on March 26 2013.  They currently owe 152,000$ in back taxes.  The president of the Detroit masonic lodge said they never received a delinquency notice from the county for 2011. Regardless, if the money isn't paid the building will be sold in an auction at a starting price of 160,000$.  Could you imagine buying a 14 story building with 2 theatres, 1037 rooms and 16 bowling lanes in it for 160,000$! 

Sadly for us entrepreneurs they are currently making a payment plan with the county to pay the balance in installments.  If they can not come up with the funds the building will be sold in a foreclosure auction.

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