 After several decades of local popularity and notoriety, by the early 1980s the property had fallen into deep disrepair.During this time, the dilapidation had degenerated into such extent that several local bands would play in the dark and abandoned lobby, and the gold-plated hands of the tower clock were stolen - sometime in the late 1970s.In 1999, a joint-venture, formed between David Weyrich, David Crabtree and Steve Landaker, purchased the hotel and embarked on a massive renovation project.