i remember reading the development was giving them virtually free rent toward the end to stay open...
--- In vpFREE@yahoogroups.com, "bobbartop" <bobbartop@...> wrote:
>
> --- In vpFREE@yahoogroups.com, "Sai Sai" <gofastnismo@> wrote:
> >
> > One of the reasons it closed was the lease agreement was changed to a ridiculous amount which made it no longer viable. I wont mention numbers but the owners of the property wanted 6 times the original amount per month. The closing of the Ritz sealed its fate after that.
>
>
>
> I seem to remember reading quite a while before it closed about a HUGE amount they were in the hole. I remember thinking that they were going to have to throw in the towel with those kind of numbers.
>
> So anyway, what has happened with the Ritz? Is it owned by someone else? Or is it just sitting there empty?
>
