The Shannondale (née Electrohome, 152 Shanley St) | 8 fl | U/C

[Spokes]

So now it just sits there longer?

I think it's due for a new owner quickly.

The shady owner of the building sees some interest in the property and gains control for pennies on the dollar and can probably sell this land for more than his tiny tax buyout. He rids himself of a headache and comes out ahead financially.

I don't think he'd want to run up any more property tax bills.

What does the owner think they'll get though?  The city tried to sell it and no interest.  I guess any bit of financial gain is worthwhile.