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[QUOTE="KellySyracuse, post: 4780903, member: 1644"]
This is a turn of events
[HEADING=2][URL='http://archive.today/lpAJc'][SIZE=4]New owners vow to restore Syracuse’s infamous Snowdon apartments. Their first step? They moved in[/SIZE][/URL][/HEADING]
"Syracuse, N.Y. -- [B]The new owners of the 121-year-old [URL='https://www.syracuse.com/business/2023/08/syracuses-snowdon-apartments-sold-for-3m.html']Snowdon Apartments[/URL] 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.[/B]

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. [B]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.[/B] The plan will take years to accomplish, they acknowledge,[B] [/B]adding there are no immediate plans to evict current tenants, who include registered sex offenders, convicts and people who rely on government subsidies."
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