We received a comment this morning from Realtor Paul Gornall, at Pro-Realty, that National City Bank has now purchased the empty lot where the Koehler Brewery once stood.  The Bank acquired the lot for around 7,400 dollars.  The developers defaulted on a loan of over 800,000 dollars.

I would hope that the city is a bit more pro-active than usual in ensuring that the lot is properly zoned and that they work with National City to find a buyer that will complement and improve the value of land in the area.

Unfortunately, it would appear that any chance the city had to recoup taxpayer money has disappeared.