March 13, 2007
Reported by: American Press
A property development group has bought the Chateu du Lac building. The group is spending more than $4 million to fix it up for it's low income residents.
The new buyers bought the building for $1 million from Gary Gibbs of Tennessee.
The deal was put on hold back in 2005 because of Hurricane Rita.
When the repairs are finished, the apartments will feature bedroom air conditioning, new kitchens and flooring, and refurbished public areas.