1. |
Management
and the board would find a developer who would demolish the four
buildings and build new mixed-use condo towers on the site. |
2. |
The owners would move out for a two to three year period and then would get a new condo unit. |
3. |
The new units would not be as big as their present units. |
4. |
The board would have to spend $100,000 or so to have a survey done of the property. |
5. |
If the condo was not terminated, then expensive renovations would be needed. |