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Old Posted Sep 13, 2019, 2:25 PM
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Steely Dan Steely Dan is offline
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Join Date: Jul 2001
Location: Lincoln Square, Chicago
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^ reading the article, it sounds like a special case of money pit.

the article even said that developers would have likely paid millions for the property alone had they been able to demolish the existing mansion and start over, but it's a monster 14,000 SF protected historic landmark that apparently needs $3M - $5M in repairs.

it takes a very special (and rare) buyer with both the means and interest to take on a project like that.
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