November 12, 1985 |
The Executive Hotel block, built in 1963 by financier C. Arnholt Smith, reflects the aristocratic ambiance that Smith and his wife typified in their heyday. The complex was sold at auction by the Federal Deposit Insurance Corp. in 1977 to millionaire businessman Charles Woods, four years after Smith's financial empire collapsed amid fraud and mismanagement. Since then, the complex has been beset by a series of business controversies.
January 30, 1988 |
A document that had been sealed in court claims that misconduct by the former top officers of American Savings & Loan cost the thrift more than $400 million, according to a published report. The Monterey Herald reported in a copyrighted story Friday that it had obtained a copy of the company's proof of loss document, which was lodged under seal with Monterey County Superior Court Judge Richard Silver last year. The document was part of a lawsuit between American Savings and hotel developer A.
CALIFORNIA | LOCAL
September 12, 1987 |
Officers of the Church of the Open Door said Friday that they have received a quirky, mysterious offer for the "Jesus Saves" building on Hope Street totaling $16 million in cash. Or is it really $23 million? Therein lies the quirk. As for mystery, the question is: Just exactly who is trying to buy the landmark church? Church of the Open Door officials--mindful of their bitter, long-running feud with flamboyant TV evangelist Gene Scott--say they are thus very skeptical of the offer.
CALIFORNIA | LOCAL
January 21, 1988 |
The saga of Los Angeles' "Jesus Saves" church--now featuring an ex-con deal maker as well as TV preacher Gene Scott--took another plot turn Wednesday when a city commission refused to extend a demolition moratorium on the downtown landmark. The decision was hailed by the Glendora-based Church of the Open Door, which has been repeatedly frustrated in efforts to sell its old Hope Street home to developers.
August 16, 1987 |
From Big Sur to Maui and back to Monterey--that's the travel trail of what has become the world's largest Marine Art Expo. The first annual Monterey Marine Art Expo 87, which opened here Aug. 1 and will continue through Sept. 30, has been drawing so many visitors that it may become an annual attraction like its counterpart on the island of Maui.
April 21, 1985 |
"The first thing we do, let's kill all the lawyers." King Henry VI--Part II, Act IV, Scene 2. Michael L. Tenzer would agree with Shakespeare's often quoted--and misquoted--line and he might even go so far as to include the more radical consumer activists. Speaking last week at the 19th annual seminar of the National Assn.