It’s No Sale for Historic White’s Building
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It's No Sale for Historic White's Building
It's another no-sale for a downtown Augusta landmark. Downtowners in the know say it's not a bad thing it didn't sell, Tuesday.
It’s another no-sale for a downtown Augusta landmark. Downtowners in the know say it’s not a bad thing it didn’t sell, Tuesday.
By Paige Tucker
| WJBF News Channel 6 Weekend Anchor/Reporter
Published: November 3, 2009
Updated: November 3, 2009
Published: November 3, 2009
Updated: November 3, 2009
Augusta, GA—It’s another no-sale for a downtown Augusta landmark.
The White’s building downtown was up for auction, Tuesday morning, on the steps of the Augusta Municipal Building.
Dozens were there for the sale. In the end, only one person bid, Gurjit Jalli, a Martinez businessowner. His $800,000 offer was rejected, because it did not meet the Federal Deposit Insurance Corporation (FDIC) $1.5 million minimum.
The FDIC was forming a Limited Liability Corporation (LLC) Tuesday, and may now bring in a third party buyer sometime next spring.
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