The price tag? A hefty $775,000.
Another $30,000 later to demolish buildings on the site, it sat off the tax rolls for a decade until last month, when the commission, acting as the Community Redevelopment Agency, approved the sale to a local business owner for $50,000.
The loss adds to a growing deficit in downtown property sales worth millions of dollars that city officials say is necessary to get vacant property into the hands of developers who will revitalize the struggling area.