Land Bank Votes to Buy Berridge Hotel
August, 16 2006
The Berridge Hotel will likely have new owners soon with the Genesee County Land Bank Authority voting to purchase the historic building for approximately $725,000.
There are said to be 17 sources of financing according to Amy Hovey, president of The Protogenia Group, in a Flint Journal report.
Early plans have the 80-unit hotel being converted into 20 condominiums - ranging from $90,000 to $140,000 - and two businesses.
Board members expect to close on the sale "by the end of September".
For more information read the Flint Journal article.
