Colonial Inn's owner declines offer from suitor to buy property
Posted May 13, 2004 4:17 a.m. EDT
Updated November 5, 2008 10:32 p.m. EST
HILLSBOROUGH, N.C. — A Greensboro businessman offered $500,000 for the Colonial Inn, but the inn's owner turned down the bid.
Henry Francis bought the Hillsborough landmark two years ago, promising to restore it. So far, that has not happened.
Francis wants $1.7 million for the property.
Until Francis starts making repairs, he is being fined $100 a day by town officials. So far, he is up to $4,500.