- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
Benefactor buys Wright-designed home in Phoenix
Question of the Day
PHOENIX (AP) - An anonymous benefactor has purchased and wants to preserve a Frank Lloyd Wright-designed home in Phoenix that had been threatened with demotion, a real estate broker, city officials and a preservationist group said Thursday in separate announcements.
Wright designed the 1950s home for his son and daughter-in-law. It was twice sold in recent years, and preservationists objected last summer when they learned a development company planned to demolish the home in order to split the property.
The Chicago-based Frank Lloyd Wright Building Conservancy said the new buyer wants to remain anonymous. The property was purchased through a corporation that will transfer it to a not-for-profit organization, which will restore, maintain and operate the home for educational purposes, the conservancy said.
The purchase means “this important piece of our Phoenix history and the Frank Lloyd Wright legacy will be preserved for generations to come,” Mayor Greg Stanton said.
Robert Joffe, a real estate broker who marketed the property, said the home sold for $2,379,000. That was the original asking price but less than a $2.5 million price put on the property several weeks ago because of recently incurred expenses, Joffe said.
Two previous sales fell through, so this transaction was kept under wraps until the deal closed Thursday, Joffe said.
Joffe and Janet Halstead, the Wright conservancy’s executive director, both emphasized that the purchase is final.
“This is closed and recorded,” Halstead said. “That’s why we didn’t announce it until now.”
Joffe said the buyer won’t be living in the home and is purchasing it “for the love of the property” and to help the community, not as a business decision.
“They’re really not looking for the notoriety. The public will never know who they are,” he said.
City Councilman Sal DiCiccio praised the buyer. “Words cannot express our gratitude.”
Joffe said the buyer was the first potential buyer to whom he showed the property when it went on sale several months ago. But the person stepped aside when somebody else started the process of purchasing the home before backing out.
The conservancy said the new owner will ask the city to designate the home as a landmark. Further information on plans for the home will be released in January, the group said.
TWT Video Picks
By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- Illegal immigrants demand representation in White House meetings
- White House says Russia 'losing' war in Ukraine
- Hillary Clinton: Forget Obama, George W. Bush made her 'proud to be an American'
- HAYDEN: Intelligence, evidence and the case against Russia
- Border surge puts Obama legacy on immigration at stake
- Romney would win popular vote in rematch against Obama: CNN poll
- Iraqi Christians rally at White House: 'Obama, Obama, where are you?'
- Report: 40% of weapons sent to Afghanistan are unaccounted for
- KING: "Man-caused disaster" on the southern border
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq