Written on Thursday, November 20th, 2008 at 9:46am by Alan Bedenko | 2 Comments

Statler & Faildorf

Well, this didn’t come unexpectedly, did it?

A deal to sell the historic Statler Towers to a regional investment group for $3.5 million has unraveled.

Howard Hurst and his Greystone Development Partners LLC have walked away from a previously announced deal with British businessman Bashar Issa.

“We are no longer under contract to purchase the Statler,” Hurst told The Buffalo News today. “Mr. Issa continuously renegotiated the purchase and sale agreement making it impossible for us to finalize the purchase.”

I wonder whether Mr. Issa still owns the “Statler of the Seas” yacht he bought prematurely in order to show off to the yokels just how wealthy and carefree he was?

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2 Comments

  1. buffalomom says:
    November 20, 2008 at 9:51 am

    Issa sounds like he should invest his time in a therapist to deal with his issues of delusion and compulsive lying.

    If his British properties are in receivership, I say we get a group together, come up with a few grand and buy it. He’ll have to cave soon. Who’s in?

  2. BuffaloBloviator says:
    November 20, 2008 at 3:31 pm

    Buffalomom,

    After you buy the businesses you will be more sympathetic to the risk/reward realities and pressures that courageous enterprising people accept.

    When a business person promises to succeed and then fails, having been there myself, I would never call them a liar.

    Everybody loves a winner but remember that most winners were once a loser and that’s what ultimately helped them to succeed.

 

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