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Friday, July 21, 2017
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Manchester Inn & Sonshine Building Status?

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swohio75 View Drop Down
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    Posted: Jul 13 2017 at 9:01am
I don't believe either property has been awarded state historic state credits--just that the buildings are eligible to be considered for.

Both properties were on the market for purchase, lease or investing.  But it appears as of June 5, they are now off market.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Analytical Quote  Post ReplyReply Direct Link To This Post Posted: Jul 12 2017 at 7:57am
As per data posted on the Butler County Treasurer's website, it appears that the Manchester Inn LLC (Mr. Grau) failed to make a full first half 2017 property tax payment and was assessed a penalty.  A companion search for the adjacent Sonshine Building LLC (Snider Building - Mr. Grau) at 101-106 N. Main reveals that only a fraction of the first half 2017 property tax payment was made also resulting in a penalty.  Just like the Manchester Inn LLC, it remains to be seen what the second half 2017 payment will be?

One more time, is there any positive news on horizon regarding the status of this now several years old "revitalization" project? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Analytical Quote  Post ReplyReply Direct Link To This Post Posted: Jul 11 2017 at 7:38pm
swohio75 -

Yes, it's still owned by Manchester Hotel LLC of Geneva, Illinois (William Grau).  I was able to determine the property tax status of this real estate is $6,500+ that's due on 8/3/2017.  Also, wasn't the property conveyed to Manchester Hotel LLC by the city for $1.00 not too long ago?  Thank you.

Would you happen to know what's the status of the historic preservation tax credits earmarked for this project?  Is there anything new to report regarding proposed redevelopment efforts?  Thank you.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote swohio75 Quote  Post ReplyReply Direct Link To This Post Posted: Jul 11 2017 at 3:52pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Analytical Quote  Post ReplyReply Direct Link To This Post Posted: Jul 11 2017 at 1:31pm
Does anyone know if both the Manchester Inn plus the Sonshine Building are still owned by the project redeveloper Mr. Grau?  Also, is he current with property tax payments?  Or, were annual property tax payments waived as a condition of property transfer?

When these "downtown" properties were sold by the city to Mr. Grau, did the contract conveyance documents have a typical reversionary clause for redeveloper non-compliance?  What if any recourse does the city have?  So many questions linger.
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