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

[timc]

Given the remediation costs, the City should have taken the $200,000 and run.  Will the sale be conditional on timely redevelopment, I wonder?

I don't think the City was legally allowed to sell the property for less than the tax owing. They have now written off interest on the taxes, so the new selling price is the principal amount.