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Developer Buys Cathedral.


St. Vibiana's Cathedral has been purchased for $4.6 million by a downtown developer who hopes to rehabilitate re·ha·bil·i·tate
v.
1. To restore to good health or useful life, as through therapy and education.

2. To restore to good condition, operation, or capacity.
 the church as the centerpiece of an educational, housing and cultural complex.

A firm headed by Tom Gilmore bought the 123-year-old abandoned downtown landmark on the edge of Skid Row skid row

a run-down area frequented by alcoholics. [Am. Culture: Misc.]

See : Alcoholism


Skid Row

district of down-and-outs and bums. [Am. Usage: Brewer Dictionary, 1008]

See : Failure
, which narrowly escaped demolition Demolition is the opposite of construction: the tearing-down of buildings and other structures. It contrasts with deconstruction, which is the taking down of a building while carefully preserving valuable elements for re-use.  only after lengthy court battles.

The property includes an adjacent rectory RECTORY, Eng. law. Corporeal real property, consisting of a church, glebe lands and tithes. 1 Chit. Pr. 163.  and school buildings and is located two blocks north of historic commercial buildings that Gilmore plans to convert into a trendy residential loft district.

However, Gilmore and downtown redevelopment experts concede con·cede  
v. con·ced·ed, con·ced·ing, con·cedes

v.tr.
1. To acknowledge, often reluctantly, as being true, just, or proper; admit. See Synonyms at acknowledge.

2.
 the project faces tough challenges, including what he estimates to be at least $4 million in seismic repairs to the church.

Church officials said about 10 potential buyers looked at the cathedral over the past three years, but everyone except Gilmore lost interest amid questions about costs and feasibility.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1U9CA
Date:Nov 8, 1999
Words:143
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