This is a turn of events
"Syracuse, N.Y. --
The new owners of the 121-year-old Snowdon Apartments say they have a long-term vision to bring the once-luxurious property back to its past glory but have no plans to evict its mostly indigent tenants.
Six young Hudson Valley real estate investors bought the Snowdon at 400 James St. for $3.4 million in August from the estate of the late Russell Phelps, who died in February at age 105. It was the first time in nearly half a century that the prominent -- and sometimes troubled -- property has changed hands...
Blakley and Gregory Purdy gave a tour of the property to a reporter and a photographer from syracuse.com | The Post-Standard.
They said the group’s long-term plan is to do a major renovation of the interior to make its apartments market-rate units again.
However, they said they will only do that after acquiring another property where the Snowdon’s residents could move to. The plan will take years to accomplish, they acknowledge, adding there are no immediate plans to evict current tenants, who include registered sex offenders, convicts and people who rely on government subsidies."