biltmore to be saved?

tommy permalink | categories: names, pinellas
by tommy @ 7:47 pm

We have written before about the Belleview Biltmore. I hope they can save it, but understand that property owners can’t take a loss. Well, it looks like all might be well.

Legg Mason Real Estate Investors announced they intend to buy and save the Belleview Biltmore Resort & Spa.

Executives with would not disclose the proposed purchase price or the closing date, but said in a written statement they had a contract to buy the resort and intend to preserve the 110-year-old hotel.

“Our No. 1 goal is to devise an economically feasible plan to rehabilitate and restore this landmark property,” Legg Mason managing director Joseph Penner said in a press release.

I’m glad to hear this news. Now, if only someone would buy and save all the cigar factories.

Tags: belleview, biltmore, building, development, historic, save

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