Is Austin Spriggs getting what he deserves?
At the dizzying height of the real estate boom, Austin Spriggs had the equivalent of a golden lottery ticket: a downtown Washington townhouse on precisely the red-hot block where developers hoped to build hundreds of swanky condominiums and offices. In and out of his office the developers paraded, offering Spriggs millions for the building that had housed his small architecture firm since 1980. Each time, Spriggs told them no, holding out for more money.
Two months ago, after his bank threatened foreclosure, Spriggs put the property up for sale for $1.5 million, nearly half of what one developer had once hoped to pay him.
No offer has been made. Read the full article.
June 18, 2010; 8:12 AM ET
Save & Share:
Previous: Were BP 'small people' comments lost in translation? | Next: Father's Day: Who is your favorite TV dad?
Please email us to report offensive comments.
Posted by: jercha | June 18, 2010 9:36 AM
Posted by: kahlua87 | June 18, 2010 10:17 AM
Posted by: nosmiley | June 18, 2010 7:53 PM
The comments to this entry are closed.