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The Curious Case of 112-128 N. Broad Street Commercial Real Estate
In the past week both the Butler County Treasurer's and Auditor's websites have seen data listed for the first time for properties "apparently" owned by Manchester Hotel LLC (William Grau et. al.) since September 26, 2014 and located at 112-128 N. Broad Street.
As per this data, on December 1, 1985 these five properties were apparently purchased by/transferred to an unspecified purchaser (Perry Thatcher??) for $450,000. Next, on March 3, 2011 said parcels along with the former Manchester Inn and former Snider Building apparently were purchased by/transferred to the City of Middletown. And, as noted above, said parcels were apparently then transferred to Manchester Hotel LLC on September 26, 2014 for the amazing combined sum of $2.00.
Admittedly, there are some missing pieces to this unfolding puzzle. I'm certain Mr. Adkins or the Economic Development Department can easily explain?? It should also be noted that all five of the N. Broad Street properties are in arrears on their Butler County property tax payments. Of course, the same is still true for the former Manchester Inn and Snider Building properties. And, there remain other "downtown" re-development deals also in arrears too!
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