Ex-Mayor Lusts For Air Rights

A former Seattle Mayor shells out close to $1 million for development rights over the Lusty Lady strip club, after the owners refuse to sell.
March 28, 2006, 12pm PST | David Gest
Share Tweet LinkedIn Email Comments

"Christto Tolias and his family, longtime owners of the century-old, mostly vacant structure housing Peaches and other strippers at the popular peep-show theater, refused to sell the property to ex-Mayor Paul Schell and his fellow hotel/condo developers."

"Schell and partners in the new 21-story, $120 million Four Seasons hotel and condo tower at First Avenue and Union Street had to regroup, then make Tolias another offerâ€"for air rights above the Lusty building. In the end, the big developers not only didn't get their prized property, they paid the defiant Tolias $850,000 for thin air."

Full Story:
Published on Thursday, March 23, 2006 in Seattle Weekly
Share Tweet LinkedIn Email