Midtown's vacant Carter Hotel to be sold at auction in possible Times Square boon

"The Carter's owners, members of the Chetrit family, were under siege by creditors over unpaid loans and by city agencies that cited the building for more than 100 safety violations. The property on one of the area's least attractive blocks was known as "the dirtiest hotel in America" and was the scene of several gruesome crimes."

"What matters to Times Square business and theater owners is that the 25-story eyesore, which closed six years ago, might end up in responsible hands. Neighbors complained that dark, ugly scaffolding provided a haven for drug dealers after dark."

""Let's hope we get an owner who can get something good built," said Times Square Alliance president Tom Harris."

The Hotel Carter, a 25-story building in Times Square, has been closed for six years and is scheduled for an all-cash auction at the Manhattan sheriff's office on May 6. The property's owners, members of the Chetrit family, faced multiple creditors over unpaid loans and received citations from city agencies for over 100 safety violations. The building has become a neighborhood eyesore, known as "the dirtiest hotel in America" and associated with serious crimes. The scaffolding surrounding the structure created unsafe conditions and attracted drug dealers. Times Square business and theater owners hope the auction will result in new ownership capable of redeveloping the property into something beneficial for the area.

Read at New York Post