Wilkes-Barre will become owner of the long-troubled Hotel Sterling site today, which is expected to provide the stability needed to attract a significant project at the landmark site.
CityVest, the nonprofit group that unsuccessfully tried to redevelop the hotel that once stood there, also has formally dissolved, its attorney said.
The Sterling’s unresolved ownership ended up before Luzerne County Senior Judge Joseph Augello this morning because CityVest filed a brief asking the court to oversee disbursement of its assets.
CityVest had obtained state approval to dissolve because it is out of funds and not pursuing more projects, said CityVest attorney George A. Reihner.
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