the owner might be trying to hold out for more money. it said in the artical that he bought it out from under Campell Soup "Campell Soup is investing $90 million to upgrade its world headquarters, which is located directly behind the Sears Building. City, county, state and the Delaware River Port Authority are contributing $23.5 million to upgrade road and utilities in a 110-acre swath of land.
Campbell Soup had hoped to buy and demolish the building, but was thwarted by the last-minute sale to Zaken. At first, Campbell agreed to work around the building with the expectation that it would be restored. When nothing was done, it offered Zaken $3.025 million. When Zaken refused, Campbell asked the city to take the building through eminent domain."
Something seems wrong here.
8:54 AM
Amazing that they would go against the owner's wishes to preserve the building. Isn't that a misuse of government power? Abuse of emminent domain to help a private enterprise--Campbell Soup. On the other hand, Camden is in such bad shape and Campbell Soup would probably run to the suburbs, or a lower tax state than Jersey, if they didn't get to knock down this POS. Interesting dliema. What do you think?
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