|
The
Ambassador apartments were constructed in 1927 for newly arrived U.S. steel
managers.
The building has been the subject of more than one failed attempt at
rehabilitation since then. It was in apparently occupied and in reasonably good
condition up until 1985. In 1993, the Jefferson Park Community Development
Corporation attempted to raise $4.3 million for rehabilitation as apartments for
lower and middle income senior citizens. A neighborhood cleanup that year
collected thousands of pounds of trash. The building was to have 78 units for
single and married seniors. Florida firm Ocwen Financial Corp. was to provide
$3.2 million from tax credits, the city of Gary providing $900,000, and the rest
of the project mortgaged. The renovation was to be an anchor for a renaissance
for the entire neighborhood.
The groundbreaking for the renovation came in 1995, by which time the estimated
cost for renovations had ballooned to $5.5 million. Workers began "demolishing
the interior" that year, according to a Dec. 30, 1995 Post-Tribune article
titled "Ambassador to open in a year." It is not known why this project fell
through, and the building remains shuttered and deteriorating to this day.
Source:
Abandoned Structures in Gary, IN
Abandoned Structures in Gary, IN
Lost but not Forgotten - Photos
|