Plan to turn Blockade Runner into condos falls through

WILMINGTON -- A landmark hotel at Wrightsville Beach was supposed to be turned into condo's, but now plans have changed.

The owner of the Blockade Runner says he's not surprised the sale fell through. In February the property was sold to two local men who wanted to transform the hotel rooms into condominiums.

They planned to spend millions to renovate the hotel and upgrade it with new furniture.
The owner of the Blockade Runner says the sale of the property was contingent upon pre-selling the condo units, which didn't happen.

Bill Baggett says he isn't ruling out trying to sell again in the future.

Baggett said, "Well, we intend to make it more valuable. So there probably will be a sale in the future but it will be more valuable."

Baggett says the blockade runner is always on sale for the right price. But it is not being advertised at this time.

We have tried to get in touch with the men who wanted to buy the blockade runner, but our phone calls have not been returned.