- Associated Press - Friday, February 7, 2014

NEW LONDON, Conn. (AP) - The city of New London is seeking a buyer for a landmark inn on Long Island Sound.

A minimum bid of $500,000 is necessary for anyone wanting to buy the vacant Lighthouse Inn. The buyer will be required to complete repairs within two years, and the city wants a developer who will run the property as a traditional inn.

“The City has set its minimum bid price low and has limited the restrictions on any potential bidder’s proposal,” Mayor Daryl Justin Finizio said. “Purchasing this historic structure will be a fantastic opportunity for the successful bidder.”

A steel baron, Charles S. Guthrie, built the property as a waterfront home in 1902. It became an inn in 1927 but closed in 2008 because of financial problems. A former owner, Maureen Clark, was convicted of fraud in 2012 after she was accused of cheating investors and using some of the money for the inn’s expenses.

The city did some repair work after nobody bid on the property at auction last year.

The most prominent of the three buildings on the property is 40,000-square-foot mansion with 27 guest rooms. It hosted society events and was destination for film stars including Bette Davis and Joan Crawford.

Proposals from developers are due by May 28.


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