If the complex were sold, other collateral would have to be raised.
In 1900, the complex was sold to the city of Mackinac Island.
Now, the 5,881-unit rental complex is being sold, prompting a fresh debate over affordable housing.
The complex was sold by the University in 2006.
The complex was sold at a sheriff's sale in 2006.
The complex has been sold several times since the 1980s.
This 60-unit complex was erected with public money and then sold to a nonprofit manager.
Shortly after the complex was sold, under the condition that the ruins would not be demolished.
The complex was sold for £906,000 in 2000, then £1.5 million in a second sale 3 years later.
On October 9, 2005, the complex was sold for US$ 5.7 million.