According to news reports today, Tremont Lendings(the owner) has decided to auction off Orlando’s Historic Church Street Station Friday. The lending giant foreclosed on the former owner Cameron Kuhn and is now trying to offload the complex as quickly as possible.
$43 million is needed to break even on the investment for Tremont Lendings and they are starting the bidding there. If it cannot be sold successfully, Tremont plans to hold onto the property until the market picks back up.
This should not have any ill affects on surrounding establishments as they have been in limbo with ownership/debts for many months now. Solid ownership should actually help spawn growth to the programs and efforts of the station’s management.
