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.

"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: The Ex-Mayor's Booby Prize

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET