Realty Building owners decide to demolish the building

Realty Building owners decide to demolish the building after gas explosion, Youngstown, Ohio
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[@Gordy-fj1jy]

Not surprising. I seriously doubted that there would be enough desire or money to save that building. Even if it was miraculously stabilized, a full renovation will take years and cost millions. With downtown business collapsing due to construction and disasters, it only makes sense for them to cut their losses. Of course none of the residents will get their property back either…

[@stos5363]

Just put something modern in there now

[@Gordy-fj1jy]

Do you know how much a small skyscraper costs?

[@mikecamps7226]

Who owns the building ?

[@clintjacops958]

Wow

[@mikecamps7226]

Insurance payout to the owner's and then the BANK FINANCING.......and now the LOSS ASPECT & UNDERWRITERS......whole NEW BALLGAME in Urban Rehab .....and NATURAL GAS FIELDS !!!

[@paulgraves4356]

I hope that the building can be saved. 🙏🏿🙏🏿🙏🏿

[@Gordy-fj1jy]

Very unlikely

[@mattmarzula]

No. It's time to be decisive and move forward.

[@Gordy-fj1jy]

@@mattmarzula Moving forward with Tito 🫡

[@mrh6431]

I hope that's an option but not the only option.

[@lablaine1981]

We feel bad for the residents, employees and families,hope y'all rebound in your own time/ spaces...♥️ MN 🥶