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Historic Sioux City building set to be sold at auction

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October 24th, 2018 by Ric Hanson

SIOUX CITY, Iowa (AP) — A financially troubled historic Sioux City building is set to be sold at auction next month to settle debts of the California development that owns it. The Sioux City Journal reports that the auction is set for Nov. 21 at the Woodbury County Courthouse.

The 12-story Badgerow Building, built in 1933, went into foreclosure in January. That’s when a judgment of more than $5.2 million was entered against the building’s owner, Mako One Corp., and against its managing partner, Bruce DeBolt, for the defaulted portion of a $6 million bond agreement that was secured to pay to renovate and redevelop the building.

The building is listed on the National Register of Historic Places for its art deco architecture style.