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Promoter sues title company over former St. Petersburg YMCA

Music promoter Tom Nestor is suing over the failed purchase of the former YMCA.  JAMES BORCHUCK  |   Times

Music promoter Tom Nestor is suing over the failed purchase of the former YMCA. JAMES BORCHUCK | Times

ST. PETERSBURG — Music promoter Tom Nestor, who tried to buy the historic former YMCA building downtown, is suing a title company because of the failed transaction.

Nestor says in his suit that he made an agreement on Sept. 21, 2012, to buy the old Y at 116 Fifth St. S and submitted payment to consummate the transaction. The suit claims that the amount was based on incorrect information supplied by Title Agency of Florida. As a result, the seller rejected the payment as insufficient and terminated the contract, the suit says.

The boarded-up, Mediterranean Revival-style building was bought in late 2015 by developer Nick Ekonomou, who plans to transform it into a boutique hotel and event venue.

Promoter sues title company over former St. Petersburg YMCA 07/21/16 [Last modified: Thursday, July 21, 2016 11:35am]
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