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The staff of the Tampa Bay Times

Dunedin regrouping after Taoist group buys Fenway Hotel

23

June

DUNEDIN| For years, city commissioners and a large contingent of residents had planned and paved the way for a white knight-turned-developer to swoop in and restore the long-vacant Fenway Hotel to its former glory.

Hope shined eternal in November when a Pennsylvania real estate team announced it was negotiating with PNC Bank to buy the 6.4-acre property out of foreclosure and revamp it into a boutique hotel with conference space and condos.

Those dreams were dashed this month when the Tallahassee-based Taoist Tai Chi Society of the United States of America announced it had bought it for $2.8 million, with plans to renovate it into the nonprofit's new headquarters.

Now, city leaders and residents are regrouping, with some warmly welcoming the new vision, some begrudgingly lending their support and others vowing to take their opposition to City Hall.

Details here.

 

[Last modified: Monday, June 23, 2014 12:23pm]

    

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