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audiology title=

barrelhead

prp

oceancreek

Coast Tree

Sema Roofing

wandr

occc

barrelhead


 

Coast Tree

Sale falls through on the long shuttered Ormsby House – 15 years and counting

Many locals said the business plan wouldn’t work. So the old gaming resort remains closed.

The owners of the long-shuttered Ormsby House Hotel-Casino have revealed that a possible sale of their 15-year empty prime property on Carson Street has fallen through. No explanation has hit the streets as to why the sale went stale but there were many local business people who are knowledgeable about the “OH” and the resort industry said the business model didn’t add up – that very wealthy senior citizens who were the target market for the property would not likely pay the sky-high rents proposed by the prospective buyer – even if the building was home to a medical care unit aimed mainly at aging seniors.

So the “Olde Gal” Ormsby House remains a financial wallflower until somebody comes up with a viable plan to breath life back into the long-closed resort.

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