544 E. Pershing St., Salem
Two weeks may change the status of the closed Timberlanes Motor Lodge and Restaurant at 544 E. Pershing St.
Carl Baker of Unique Ventures Group in Meadville, Pa., said he expected to make an announcement, “in about two weeks.”
The property was sold to Unique on Tuesday at a sheriff’s sale for $1 million. The property was sold for a lack of payment of property taxes.
According to the Columbiana County sheriff’s office that conducted the sale, the property could not be sold for less than $673,333.
Baker said that buying the property gives the investors a clear title to the property.
Atty. Edward A. Czopur of Youngstown, who is working with Unique Ventures, said the sheriff’s sale would provide ownership of the property to the buyer.
The purchase also would freeze out other businesses that have claims against the property. A separate lawsuit over payments owed to companies that had done business with Timberlanes is before the Seventh District Court of Appeals.
The businessman has made it clear he wants to restore the popular hotel and restaurant.
The closing of the facility in January 2009 left the city without a hotel. The city had created a tourism board based on bed-tax fees from Timberlanes that ended when the facility closed.
Baker has said he plans to put a Perkins Restaurant in the building.