It should be redone. Whether another organization takes it up or there's a private buyer, it should be restored.
I hate the new greek houses that are built by the lowest bid with crappy materials that never hold up to their intentions. The houses settle quickly, are damaged very easily, and are more problems than they're worth. There are ways to bring historic structures up to code with modern amenities and they don't decimate the integrity of the architecture and design.
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