Reporter this normally busy parking lot is empty and there is still plastic wrap on the front doors of the hotel. It seems that when they closed for the evacuation it may have been for the last time. The discussion of a buyout started long before the flood. We began conversations with the Property Owner in the fall of 2015. We had the property appraised. They closed during the evacuation. It was decided to move forward with the acquisition. Reporter this is one of Many Properties on the westside of planned flood protection the city needs to remove. We bought over 1300 properties and were continuing to buy properties. We talked about the coopers mill. Those are all socialist is same pot of money reporter the nearby building was bought for 2. 5 million in july. The city of oaks by the hotel and everything in it for more than 5. 2 million. The agreement is set to go in front of the city council october 11. Assuming that is approved we anticipate closing and having them transfer title to t
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