There is no disguising the bare-naked bullshit of real estate advertising, so I'll avoid it.
The building that was supposed to be the “jewel in the crown” of Steven Ingersoll's Front Porch Renaissance just slithered onto the market for the princely sum of $513,000.
Featuring a photo that belongs on the cover of an Edgar Allen Poe short story collection, the brief Chemical Bank-owned listing reveals the commercial building boasts nearly 24,000 square feet and was built in 1886.
Wait, what!?
1886?
During opening statements at Ingersoll's federal tax fraud trial, his criminal defense attorney, Martin Crandall, said that Ingersoll's $1.8 million loan from Chemical Bank was bolstered by an additional million out of his “own pocket”, all used to convert the 400 N. Madison Avenue church building into a school.
“It's done, it's beautiful, it's operating and it's filled with students,” Crandall said.
I'll agree with Crandall on part of his bare-naked bullshit: it is done.