The shelter has been on the brink so many times in the past though, it is hard to believe they won't have some way to pull this out of the fire.To no one's surprise, the foreclosure has been delayed. Among the items I find I found interesting from Maria Saporta's article:
“We have an existing offer on the property for $4.2 million,” Hall said. “We have paid down principal and we’re current on all the interest that’s due.”
I'm skeptical about that, of course, but the $4.2 million is about half the $10.5 million they were asking for originally. At the time (a year ago), I noted that the $10.5 million seemed to indicate the shelter was serious about selling the building - although I said I wasn't sure if the price was "good," I thought it indicated a real intention to sell.