When the city considered preservation, they were forced to weigh $3 million in restoration costs against $300,000 for demolition. By the time the decision was made in May 2007, officials concluded that the building was simply beyond repair. Considering the extensive damage, I had to agree with them.

By the way, I don't know if this stick figure reminiscent of the The Blair Witch Project was deliberate or random, but it was damned nifty.