Hollywood is going ahead with foreclosing proceedings against the Holocaust Documentation and Education Center after a 90-day deadline came and went Tuesday without the center repaying more than $260,000 in overdue loans, the South Florida Sun Sentinel reported.
The city’s Community Redevelopment Agency Board lent the Holocaust center the Harrison Street building’s $1.2 million purchase price in 2004, but the center has not repaid any of the nearly $2 million in principal and interest it owes, the Sun Sentinel said.
The center, which disputes the building’s value, says it does not owe anything because Hollywood oversold it a rundown building and condemned the second floor, according to the newspaper.
The center asked if it could remain in the building rent-free while it prepares to move, but city commissioners, acting as the CRA, rejected the request.
"Right now, we look like fools," Mayor Peter Bober said. "They have offered not one penny to meet their financial obligation.”
Commissioners then told City Attorney Jeff Sheffel to move forward with the foreclosure, the Sun Sentinel added.